Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
US Dollar/Israeli Shekel (FOREX:USDILS)
Sidelines Mode (-55) - USDILS 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 USDILS?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDILS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDILS
The long-term trend has been DOWN since Jun 10th, 2020 at 3.43110
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 3.24788
The short-term trend has been UP since Feb 26th, 2021 at 3.28223
Smart Scan Analysis for USDILS
Based on our trend formula, USDILS is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).