Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Israeli Shekel/South African Rand (FOREX:ILSZAR)
Bull Market Weakness (+75) - ILSZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ILSZAR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ILSZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ILSZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ILSZAR
The long-term trend has been UP since Feb 7th, 2020 at 4.3599351
The intermediate-term trend has been UP since Mar 20th, 2020 at 4.8758234
The short-term trend has been DOWN since Apr 7th, 2020 at 5.0915699
Smart Scan Analysis for ILSZAR
Based on our trend formula, ILSZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).