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Forex Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

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.

FOREX_ILSSEK
Open High Low ILSSEK Price Change
2.8799607 2.9203468 2.8797990 2.9032143 +0.0232540
Entry Signal

MarketClub’s Trade Triangles for ILSSEK

long term down The long-term trend has been DOWN since Dec 7th, 2022 at 3.0109210

intermediate term up The intermediate-term trend has been UP since May 25th, 2023 at 2.9090095

short term down The short-term trend has been DOWN since Jun 1st, 2023 at 2.8849096

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).

+55
Smart Scan Analysis for ILSSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8799607 2.9203468 2.8797990 2.9032143 +0.0232540
Prev. Close Volume Bid Ask Time
2.8799607 2023-06-05 15:57:46
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