Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Japanese Yen/Israeli Shekel (FOREX:JPYILS)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
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 JPYILS
The long term trend has been DOWN since Nov 5th, 2019 at 0.03200500
The intermediate term trend has been DOWN since Feb 5th, 2020 at 0.03133392
The short term trend has been UP since Feb 14th, 2020 at 0.03123291
Smart Scan Analysis for JPYILS
Based on a pre-defined weighted trend formula for chart analysis, JPYILS scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).