Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Brazilian Real/Israeli Shekel (FOREX:BRLILS)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BRLILS
The long term trend has been DOWN since Aug 12th, 2019 at 0.8688550
The intermediate term trend has been DOWN since Jan 10th, 2020 at 0.8457456
The short term trend has been UP since Feb 14th, 2020 at 0.7952628
Smart Scan Analysis for BRLILS
Based on a pre-defined weighted trend formula for chart analysis, BRLILS scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).