Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Israeli Shekel/South African Rand (FOREX:ILSZAR)
Sidelines Mode (-55) - ILSZAR 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 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 UP since Feb 7th, 2020 at 4.3599351
The intermediate-term trend has been DOWN since May 20th, 2020 at 5.1498963
The short-term trend has been UP since May 29th, 2020 at 4.9973327
Smart Scan Analysis for ILSZAR
Based on our trend formula, ILSZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).