Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
British Pound/Israeli Shekel (FOREX:GBPILS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 GBPILS
The long term trend has been DOWN since Feb 15th, 2019 at 4.6579
The intermediate term trend has been DOWN since Jun 28th, 2019 at 4.5185
The short term trend has been UP since Aug 14th, 2019 at 4.2223
Smart Scan Analysis for GBPILS
Based on a pre-defined weighted trend formula for chart analysis, GBPILS scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).