Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Israeli Shekel/South African Rand (FOREX:ILSZAR)
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 ILSZAR
The long term trend has been UP since Feb 20th, 2019 at 3.96565
The intermediate term trend has been UP since Jul 25th, 2019 at 3.99940
The short term trend has been DOWN since Aug 23rd, 2019 at 4.29820
Smart Scan Analysis for ILSZAR
Based on a pre-defined weighted trend formula for chart analysis, ILSZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).