Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Israeli Shekel/Polish New Zloty (FOREX:ILSPLN)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 ILSPLN
The long term trend has been DOWN since Nov 1st, 2019 at 1.0808672
The intermediate term trend has been DOWN since Dec 12th, 2019 at 1.1066027
The short term trend has been UP since Jan 17th, 2020 at 1.1062719
Smart Scan Analysis for ILSPLN
Based on a pre-defined weighted trend formula for chart analysis, ILSPLN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).