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Forex Trend Analysis Report

Prepared for you on Thursday, August 6, 2020.

Israeli Shekel/US Dollar (FOREX:ILSUSD)

Countertrend Up (+85) - ILSUSD 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 ILSUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ILSUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ILSUSD
Open High Low ILSUSD Price Change
0.29365139 0.29382043 0.29308501 0.29381180 +0.00016000
Entry Signal

MarketClub’s Trade Triangles for ILSUSD

long term up The long-term trend has been UP since Jun 10th, 2020 at 0.29145177

intermediate term up The intermediate-term trend has been UP since Apr 22nd, 2020 at 0.28268558

short term down The short-term trend has been DOWN since Aug 3rd, 2020 at 0.29276807

Smart Scan Analysis for ILSUSD

Based on our trend formula, ILSUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for ILSUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.29365139 0.29382043 0.29308501 0.29381180 +0.00016000
Prev. Close Volume Bid Ask Time
0.29365139 0.29368231 0.29394128 2020-08-06 09:05:41
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