Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Brazilian Real/Israeli Shekel (FOREX:BRLILS)
Strong Downtrend (-100) - BRLILS is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Dec 28th, 2020 at 0.61443121
The short-term trend has been DOWN since Mar 8th, 2021 at 0.58119404
Smart Scan Analysis for BRLILS
Based on our trend formula, BRLILS is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).