Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Swiss Franc/Israeli Shekel (FOREX:CHFILS)
Sidelines Mode (+55) - CHFILS is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CHFILS?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFILS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFILS
The long-term trend has been DOWN since Nov 9th, 2020 at 3.6796518
The intermediate-term trend has been UP since Apr 12th, 2021 at 3.5778633
The short-term trend has been DOWN since Apr 20th, 2021 at 3.5548716
Smart Scan Analysis for CHFILS
Based on our trend formula, CHFILS is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).