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Forex Trend Analysis Report

Prepared for you on Friday, July 12, 2024.

Brazilian Real/Israeli Shekel (FOREX:BRLILS)

Long-Term Downtrend (-90) - BRLILS is in a strong downtrend that is likely to continue. While BRLILS is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_BRLILS
Open High Low BRLILS Price Change
0.66950727 0.67128070 0.66139653 0.66573491 -0.00377200
Entry Signal

MarketClub’s Trade Triangles for BRLILS

long term down The long-term trend has been DOWN since Dec 15th, 2023 at 0.74135580

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 0.71618750

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 0.66845558

Smart Scan Analysis for BRLILS

Based on our trend formula, BRLILS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLILS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.66950727 0.67128070 0.66139653 0.66573491 -0.00377200
Prev. Close Volume Bid Ask Time
0.66950727 2024-07-12 16:22:44
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