Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2020.
Euro/Israeli Shekel (FOREX:EURILS)
Long-Term Downtrend (-90) - EURILS is in a strong downtrend that is likely to continue. While EURILS 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 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.
MarketClub’s Trade Triangles for EURILS
The long-term trend has been DOWN since Feb 4th, 2019 at 4.13075
The intermediate-term trend has been DOWN since Jan 17th, 2020 at 3.83625
The short-term trend has been DOWN since Feb 18th, 2020 at 3.70505
Smart Scan Analysis for EURILS
Based on our trend formula, EURILS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).