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Forex Trend Analysis Report

Prepared for you on Monday, May 29, 2023.

Euro/Israeli Shekel (FOREX:EURILS)

Bull Market Weakness (+75) - EURILS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURILS as it may be in the beginning stages of a reversal.

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
4.02400 4.02400 3.98185 3.99235 -0.03165
Entry Signal

MarketClub’s Trade Triangles for EURILS

long term up The long-term trend has been UP since Nov 7th, 2022 at 3.5387

intermediate term down The intermediate-term trend has been DOWN since May 17th, 2023 at 3.9610

short term up The short-term trend has been UP since May 22nd, 2023 at 3.9531

Smart Scan Analysis for EURILS

Based on our trend formula, EURILS is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for EURILS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.02400 4.02400 3.98185 3.99235 -0.03165
Prev. Close Volume Bid Ask Time
4.02400 2023-05-29 10:38:46
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