Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
British Pound/Israeli Shekel (FOREX:GBPILS)
Strong Downtrend (-100) - GBPILS is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPILS continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPILS?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPILS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPILS
The long-term trend has been DOWN since Nov 17th, 2023 at 4.6322615
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 4.8216905
The short-term trend has been DOWN since Dec 5th, 2023 at 4.6813991
Smart Scan Analysis for GBPILS
Based on our trend formula, GBPILS is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).