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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Japanese Yen/Israeli Shekel (FOREX:JPYILS)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_JPYILS
Open High Low JPYILS Price Change
0.03120312 0.03120568 0.03118019 0.03119215 -0.00001100
Entry Signal

MarketClub’s Trade Triangles for JPYILS

long term down The long term trend has been DOWN since Nov 5th, 2019 at 0.03200500

intermediate term down The intermediate term trend has been DOWN since Feb 5th, 2020 at 0.03133392

short term up The short term trend has been UP since Feb 14th, 2020 at 0.03123291

Smart Scan Analysis for JPYILS

Based on a pre-defined weighted trend formula for chart analysis, JPYILS scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for JPYILS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03120312 0.03120568 0.03118019 0.03119215 -0.00001100
Prev. Close Volume Bid Ask Time
0.03120312 0.03116994 0.03121437 2020-02-17 01:24:04
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