Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
British Pound/Israeli Shekel (FOREX:GBPILS)
Long-Term Downtrend (-90) - GBPILS is in a strong downtrend that is likely to continue. While GBPILS 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
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 Feb 7th, 2020 at 4.44375
The intermediate-term trend has been DOWN since Jan 19th, 2020 at 4.49160
The short-term trend has been DOWN since Feb 17th, 2020 at 4.45700
Smart Scan Analysis for GBPILS
Based on our trend formula, GBPILS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).