Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Brazilian Real/Israeli Shekel (FOREX:BRLILS)
Crossroads (+60) - BRLILS is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Aug 12th, 2019 at 0.86885500
The intermediate-term trend has been UP since Nov 6th, 2020 at 0.61453116
The short-term trend has been UP since Dec 1st, 2020 at 0.62606990
Smart Scan Analysis for BRLILS
Based on our trend formula, BRLILS is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).