Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
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 UP since Oct 3rd, 2022 at 0.6859589
The intermediate-term trend has been DOWN since Mar 15th, 2023 at 0.6851517
The short-term trend has been DOWN since Mar 22nd, 2023 at 0.6933638
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).