Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Israeli Shekel (FOREX:USDILS)
Weak Downtrend (-65) - USDILS is showing signs of a strengthening downtrend. Monitor USDILS as it may be building momentum to the downside.
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 UP since Mar 9th, 2020 at 3.50010
The intermediate-term trend has been DOWN since Apr 22nd, 2020 at 3.53720
The short-term trend has been DOWN since May 18th, 2020 at 3.52722
Smart Scan Analysis for USDILS
Based on our trend formula, USDILS is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).