Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Swiss Franc/Israeli Shekel (FOREX:CHFILS)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CHFILS
The long term trend has been DOWN since Sep 27th, 2019 at 3.5062000
The intermediate term trend has been UP since Dec 12th, 2019 at 3.5399258
The short term trend has been UP since Jan 23rd, 2020 at 3.5785432
Smart Scan Analysis for CHFILS
Based on a pre-defined weighted trend formula for chart analysis, CHFILS scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).