Forex Trend Analysis Report
Prepared for you on Wednesday, December 1, 2021.
Israeli Shekel/Japanese Yen (FOREX:ILSJPY)
Sidelines Mode (+55) - ILSJPY 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 ILSJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for ILSJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ILSJPY
The long-term trend has been UP since Dec 1st, 2020 at 31.647160
The intermediate-term trend has been DOWN since Nov 26th, 2021 at 36.070934
The short-term trend has been UP since Dec 1st, 2021 at 36.094606
Smart Scan Analysis for ILSJPY
Based on our trend formula, ILSJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).