Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Israeli Shekel/Swiss Franc (FOREX:ILSCHF)
Smart Scan Chart Analysis indicates that the downward 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 ILSCHF
The long term trend has been UP since Sep 27th, 2019 at 0.28521000
The intermediate term trend has been DOWN since Dec 12th, 2019 at 0.28249185
The short term trend has been DOWN since Jan 22nd, 2020 at 0.27958850
Smart Scan Analysis for ILSCHF
Based on a pre-defined weighted trend formula for chart analysis, ILSCHF scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).