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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Brazilian Real/Israeli Shekel (FOREX:BRLILS)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_BRLILS
Open High Low BRLILS Price Change
0.97738 0.98017 0.97710 0.97969 +0.00231
Entry Signal

MarketClub’s Trade Triangles for BRLILS

long term down The long term trend has been DOWN since Aug 8th, 2018 at 0.974950

intermediate term up The intermediate term trend has been UP since Sep 26th, 2018 at 0.892435

short term up The short term trend has been UP since Oct 15th, 2018 at 0.975520

Smart Scan Analysis for BRLILS

Based on a pre-defined weighted trend formula for chart analysis, BRLILS scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for BRLILS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.97738 0.98017 0.97710 0.97969 +0.00231
Prev. Close Volume Bid Ask Time
0.97738 0.97921 0.98017 2018-10-17 07:18:56
Want to analyze Brazilian Real/Israeli Shekel BRLILS or another symbol? Try our Free Forex Trend Analysis Report.