Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Euro/Israeli Shekel (FOREX:EURILS)
Weak Downtrend (-65) - EURILS is showing signs of a strengthening downtrend. Monitor EURILS as it may be building momentum to the downside.
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 UP since Nov 7th, 2022 at 3.5387
The intermediate-term trend has been DOWN since Nov 7th, 2023 at 4.1279
The short-term trend has been DOWN since Nov 28th, 2023 at 4.0555
Smart Scan Analysis for EURILS
Based on our trend formula, EURILS is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).