Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Euro/Israeli Shekel (FOREX:EURILS)
Countertrend Down (-85) - EURILS is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid EURILS?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURILS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURILS
The long-term trend has been DOWN since Jun 18th, 2021 at 3.88875
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 3.77445
The short-term trend has been UP since Oct 25th, 2021 at 3.74275
Smart Scan Analysis for EURILS
Based on our trend formula, EURILS is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).