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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Canadian Dollar/Israeli Shekel (FOREX:CADILS)

Long-Term Downtrend (-90) - CADILS is in a strong downtrend that is likely to continue. While CADILS is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CADILS?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADILS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADILS
Open High Low CADILS Price Change
2.6873907 2.6926147 2.6812366 2.6917782 +0.0043870
Entry Signal

MarketClub’s Trade Triangles for CADILS

long term down The long-term trend has been DOWN since Nov 16th, 2023 at 2.7277792

intermediate term down The intermediate-term trend has been DOWN since May 7th, 2024 at 2.6965200

short term down The short-term trend has been DOWN since May 21st, 2024 at 2.7051559

Smart Scan Analysis for CADILS

Based on our trend formula, CADILS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CADILS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6873907 2.6926147 2.6812366 2.6917782 +0.0043870
Prev. Close Volume Bid Ask Time
2.6873907 2024-05-22 07:36:56
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