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.
MarketClub’s Trade Triangles for BRLILS
The long term trend has been DOWN since Aug 8th, 2018 at 0.974950
The intermediate term trend has been UP since Sep 26th, 2018 at 0.892435
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).