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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.

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FOREX_GBPILS
Open High Low GBPILS Price Change
4.4702759 4.4811500 4.4511244 4.4528609 -0.0174150
Entry Signal

MarketClub’s Trade Triangles for GBPILS

long term down The long-term trend has been DOWN since Feb 7th, 2020 at 4.44375

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2020 at 4.49160

short term down 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).

-90
Smart Scan Analysis for GBPILS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4702759 4.4811500 4.4511244 4.4528609 -0.0174150
Prev. Close Volume Bid Ask Time
4.4702759 4.4509103 4.4548114 2020-02-17 17:48:41
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