Forex Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
Japanese Yen/Israeli Shekel (FOREX:JPYILS)
Bull Market Weakness (+75) - JPYILS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on JPYILS as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid JPYILS?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYILS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYILS
The long-term trend has been UP since Dec 1st, 2022 at 0.02529352
The intermediate-term trend has been UP since Mar 15th, 2023 at 0.02742425
The short-term trend has been DOWN since Mar 22nd, 2023 at 0.02754031
Smart Scan Analysis for JPYILS
Based on our trend formula, JPYILS is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).