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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.

FOREX_GBPILS
Open High Low GBPILS Price Change
4.6505621 4.6708457 4.6333221 4.6470134 -0.0035490
Entry Signal

MarketClub’s Trade Triangles for GBPILS

long term down The long-term trend has been DOWN since Nov 17th, 2023 at 4.6322615

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2023 at 4.8216905

short term down 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).

-100
Smart Scan Analysis for GBPILS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6505621 4.6708457 4.6333221 4.6470134 -0.0035490
Prev. Close Volume Bid Ask Time
4.6505621 2023-12-08 15:27:14
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