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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

British Pound/Israeli Shekel (FOREX:GBPILS)

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

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.

FOREX_GBPILS
Open High Low GBPILS Price Change
4.6889228 4.7161000 4.6881078 4.7098000 +0.0208770
Entry Signal

MarketClub’s Trade Triangles for GBPILS

long term up The long-term trend has been UP since Apr 28th, 2024 at 4.8193107

intermediate term down The intermediate-term trend has been DOWN since May 7th, 2024 at 4.6242745

short term up The short-term trend has been UP since May 27th, 2024 at 4.6815356

Smart Scan Analysis for GBPILS

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

+75
Smart Scan Analysis for GBPILS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6889228 4.7161000 4.6881078 4.7098000 +0.0208770
Prev. Close Volume Bid Ask Time
4.6889228 2024-05-29 05:10:22
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