Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Israeli Shekel/Swedish Krona (FOREX:ILSSEK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 ILSSEK
The long term trend has been UP since Feb 1st, 2019 at 2.49085
The intermediate term trend has been UP since Apr 7th, 2019 at 2.60080
The short term trend has been DOWN since May 21st, 2019 at 2.69195
Smart Scan Analysis for ILSSEK
Based on a pre-defined weighted trend formula for chart analysis, ILSSEK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).