Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Australian Dollar/Israeli Shekel (FOREX:AUDILS)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 AUDILS
The long term trend has been DOWN since Jan 2nd, 2019 at 2.55265
The intermediate term trend has been DOWN since Jun 17th, 2019 at 2.47075
The short term trend has been UP since Aug 14th, 2019 at 2.36780
Smart Scan Analysis for AUDILS
Based on a pre-defined weighted trend formula for chart analysis, AUDILS scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).