Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
Israeli Shekel/Icelandic Krona (FOREX:ILSISK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 ILSISK
The long term trend has been UP since May 22nd, 2018 at 29.4503
The intermediate term trend has been UP since Jun 6th, 2019 at 34.5950
The short term trend has been DOWN since Jun 21st, 2019 at 34.8305
Smart Scan Analysis for ILSISK
Based on a pre-defined weighted trend formula for chart analysis, ILSISK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).