Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Israeli Shekel/Icelandic Krona (FOREX:ILSISK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 Jan 11th, 2019 at 32.6370
The short term trend has been DOWN since Feb 13th, 2019 at 33.0290
Smart Scan Analysis for ILSISK
Based on a pre-defined weighted trend formula for chart analysis, ILSISK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).