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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Canadian Dollar/Israeli Shekel (FOREX:CADILS)
Long-Term Downtrend (-90) - CADILS is in a strong downtrend that is likely to continue. While CADILS is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CADILS?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADILS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADILS
The long-term trend has been DOWN since Nov 16th, 2023 at 2.7277792
The intermediate-term trend has been DOWN since May 7th, 2024 at 2.6965200
The short-term trend has been DOWN since May 7th, 2024 at 2.7131411
Smart Scan Analysis for CADILS
Based on our trend formula, CADILS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6897689 | 2.7095846 | 2.6789785 | 2.7046873 | +0.0149180 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6897689 | 2024-05-08 23:37:15 |