Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Israeli Shekel/United Arab Emirates Dirham (FOREX:ILSAED)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 ILSAED
The long term trend has been UP since Feb 1st, 2019 at 1.0123000
The intermediate term trend has been UP since Nov 5th, 2019 at 1.0484340
The short term trend has been UP since Nov 14th, 2019 at 1.0531513
Smart Scan Analysis for ILSAED
Based on a pre-defined weighted trend formula for chart analysis, ILSAED scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).