Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
Israeli Shekel/Swedish Krona (FOREX:ILSSEK)
Sidelines Mode (-55) - ILSSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ILSSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ILSSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ILSSEK
The long-term trend has been UP since Mar 20th, 2020 at 2.8713993
The intermediate-term trend has been DOWN since May 12th, 2020 at 2.7743657
The short-term trend has been UP since May 27th, 2020 at 2.7521098
Smart Scan Analysis for ILSSEK
Based on our trend formula, ILSSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).