Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
US Dollar/Israeli Shekel (FOREX:USDILS)
Countertrend Down (-85) - USDILS is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Jul 10th, 2019 at 3.55542
The intermediate-term trend has been DOWN since Dec 27th, 2019 at 3.46171
The short-term trend has been UP since Feb 20th, 2020 at 3.43460
Smart Scan Analysis for USDILS
Based on our trend formula, USDILS is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).