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.
MarketClub’s Trade Triangles for ILSUSD
The long-term trend has been UP since Jun 10th, 2020 at 0.29145177
The intermediate-term trend has been UP since Apr 22nd, 2020 at 0.28268558
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).