Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
Japanese Yen/Israeli Shekel (FOREX:JPYILS)
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 JPYILS
The long term trend has been DOWN since Mar 1st, 2019 at 0.032414
The intermediate term trend has been UP since May 7th, 2019 at 0.032588
The short term trend has been UP since May 21st, 2019 at 0.032644
Smart Scan Analysis for JPYILS
Based on a pre-defined weighted trend formula for chart analysis, JPYILS scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).