Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
Canadian Dollar/Israeli Shekel (FOREX:CADILS)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CADILS
The long term trend has been DOWN since Dec 25th, 2018 at 2.70945
The intermediate term trend has been DOWN since Dec 6th, 2018 at 2.77995
The short term trend has been DOWN since Feb 15th, 2019 at 2.74020
Smart Scan Analysis for CADILS
Based on a pre-defined weighted trend formula for chart analysis, CADILS scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).