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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Euro/Israeli Shekel (FOREX:EURILS)

Sidelines Mode (-55) - EURILS 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 EURILS?

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

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

FOREX_EURILS
Open High Low EURILS Price Change
4.00045 4.01790 3.99370 4.00395 +0.00350
Entry Signal

MarketClub’s Trade Triangles for EURILS

long term down The long-term trend has been DOWN since Dec 7th, 2023 at 3.98210

intermediate term down The intermediate-term trend has been DOWN since May 27th, 2024 at 3.96190

short term up The short-term trend has been UP since May 28th, 2024 at 4.00065

Smart Scan Analysis for EURILS

Based on our trend formula, EURILS is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for EURILS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.00045 4.01790 3.99370 4.00395 +0.00350
Prev. Close Volume Bid Ask Time
4.00045 2024-05-29 22:34:59
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