Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
Israeli Shekel/South African Rand (FOREX:ILSZAR)
Bear Market Rally (-75) - ILSZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ILSZAR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ILSZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ILSZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ILSZAR
The long-term trend has been DOWN since Jul 20th, 2023 at 4.7733157
The intermediate-term trend has been UP since Sep 6th, 2023 at 5.1439339
The short-term trend has been DOWN since Sep 13th, 2023 at 4.9083306
Smart Scan Analysis for ILSZAR
Based on our trend formula, ILSZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).