Forex Trend Analysis Report
Prepared for you on Wednesday, July 15, 2020.
British Pound/Israeli Shekel (FOREX:GBPILS)
Sidelines Mode (-55) - GBPILS 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 GBPILS?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPILS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPILS
The long-term trend has been DOWN since Mar 18th, 2020 at 4.3927000
The intermediate-term trend has been UP since Jul 13th, 2020 at 4.3773000
The short-term trend has been DOWN since Jul 13th, 2020 at 4.3396046
Smart Scan Analysis for GBPILS
Based on our trend formula, GBPILS is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).