Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Israeli Shekel/Swedish Krona (FOREX:ILSSEK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Nov 1st, 2019 at 2.7140249
The intermediate term trend has been UP since Nov 11th, 2019 at 2.7811543
The short term trend has been UP since Nov 13th, 2019 at 2.7859546
Smart Scan Analysis for ILSSEK
Based on a pre-defined weighted trend formula for chart analysis, ILSSEK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).