Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
Israeli Shekel/United Arab Emirates Dirham (FOREX:ILSAED)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 ILSAED
The long term trend has been UP since Feb 1st, 2019 at 1.01230
The intermediate term trend has been DOWN since Apr 25th, 2019 at 1.01115
The short term trend has been DOWN since May 14th, 2019 at 1.02655
Smart Scan Analysis for ILSAED
Based on a pre-defined weighted trend formula for chart analysis, ILSAED scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).