Forex Trend Analysis Report
Prepared for you on Saturday, December 5, 2020.
Israeli Shekel/Swedish Krona (FOREX:ILSSEK)
Bear Market Rally (-75) - ILSSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ILSSEK as it may be in the beginning of a reversal.
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 DOWN since Jul 14th, 2020 at 2.6366525
The intermediate-term trend has been DOWN since Oct 20th, 2020 at 2.5850411
The short-term trend has been DOWN since Nov 30th, 2020 at 2.5589184
Smart Scan Analysis for ILSSEK
Based on our trend formula, ILSSEK is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).