Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
US Dollar/Israeli Shekel (FOREX:USDILS)
Bear Market Rally (-75) - USDILS is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDILS as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDILS?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDILS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDILS
The long-term trend has been DOWN since Jun 16th, 2021 at 3.23717
The intermediate-term trend has been UP since Sep 29th, 2021 at 3.21731
The short-term trend has been DOWN since Oct 14th, 2021 at 3.22400
Smart Scan Analysis for USDILS
Based on our trend formula, USDILS is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).