Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Brazilian Real/Israeli Shekel (FOREX:BRLILS)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 0.868855
The intermediate term trend has been DOWN since Jul 30th, 2019 at 0.926610
The short term trend has been DOWN since Sep 18th, 2019 at 0.860810
Smart Scan Analysis for BRLILS
Based on a pre-defined weighted trend formula for chart analysis, BRLILS scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).