Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Brazilian Real/Israeli Shekel (FOREX:BRLILS)
Bull Market Weakness (+75) - BRLILS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLILS as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid BRLILS?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLILS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BRLILS
The long-term trend has been DOWN since Dec 15th, 2023 at 0.7413558
The intermediate-term trend has been UP since Apr 26th, 2024 at 0.7475598
The short-term trend has been UP since May 6th, 2024 at 0.7349122
Smart Scan Analysis for BRLILS
Based on our trend formula, BRLILS is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7297495 | 0.7297951 | 0.7292674 | 0.7296984 | -0.0000510 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7297495 | 2024-05-09 00:21:10 |