Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Israeli Shekel/South African Rand (FOREX:ILSZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 ILSZAR
The long term trend has been UP since Feb 20th, 2019 at 3.96565
The intermediate term trend has been UP since Apr 24th, 2019 at 3.99500
The short term trend has been DOWN since May 21st, 2019 at 3.99550
Smart Scan Analysis for ILSZAR
Based on a pre-defined weighted trend formula for chart analysis, ILSZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).