Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
British Pound/Israeli Shekel (FOREX:GBPILS)
Bull Market Weakness (+75) - GBPILS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPILS as it may be in the beginning stages of a reversal.
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 Mar 18th, 2020 at 4.39270
The intermediate-term trend has been UP since Jun 1st, 2020 at 4.36740
The short-term trend has been UP since May 28th, 2020 at 4.33735
Smart Scan Analysis for GBPILS
Based on our trend formula, GBPILS is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).