Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Israeli Shekel/South African Rand (FOREX:ILSZAR)
Bear Market Rally (-75) - ILSZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ILSZAR as it may be in the beginning 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 DOWN since Dec 23rd, 2022 at 4.8870769
The intermediate-term trend has been UP since Mar 7th, 2023 at 5.1310373
The short-term trend has been DOWN since Mar 27th, 2023 at 4.9748599
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).