Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Israeli Shekel/South African Rand (FOREX:ILSZAR)
Sidelines Mode (-55) - ILSZAR 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 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 DOWN since Sep 16th, 2020 at 4.7695223
The intermediate-term trend has been DOWN since Jan 21st, 2021 at 4.5191567
The short-term trend has been UP since Feb 25th, 2021 at 4.5622708
Smart Scan Analysis for ILSZAR
Based on our trend formula, ILSZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).