Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Israeli Shekel/United Arab Emirates Dirham (FOREX:ILSAED)
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 ILSAED
The long term trend has been UP since Feb 1st, 2019 at 1.01230
The intermediate term trend has been DOWN since Aug 16th, 2019 at 1.03620
The short term trend has been DOWN since Sep 17th, 2019 at 1.03495
Smart Scan Analysis for ILSAED
Based on a pre-defined weighted trend formula for chart analysis, ILSAED scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).