Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Brazilian Real/Israeli Shekel (FOREX:BRLILS)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for BRLILS
The long term trend has been UP since Oct 25th, 2018 at 1.001550
The intermediate term trend has been DOWN since Nov 13th, 2018 at 0.971260
The short term trend has been UP since Dec 12th, 2018 at 0.964485
Smart Scan Analysis for BRLILS
Based on a pre-defined weighted trend formula for chart analysis, BRLILS scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).