Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
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.
MarketClub’s Trade Triangles for BRLILS
The long-term trend has been DOWN since Aug 20th, 2021 at 0.59393693
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 0.60015752
The short-term trend has been DOWN since Oct 18th, 2021 at 0.58247468
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).