Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
British Pound/Israeli Shekel (FOREX:GBPILS)
Countertrend Up (+85) - GBPILS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jan 21st, 2021 at 4.4981500
The intermediate-term trend has been UP since Jan 15th, 2021 at 4.4038552
The short-term trend has been DOWN since Feb 26th, 2021 at 4.5770693
Smart Scan Analysis for GBPILS
Based on our trend formula, GBPILS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).