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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.

FOREX_BRLILS
Open High Low BRLILS Price Change
0.7931677 0.7986967 0.7910552 0.7971906 +0.0040230
Entry Signal

MarketClub’s Trade Triangles for BRLILS

long term down The long term trend has been DOWN since Aug 12th, 2019 at 0.8688550

intermediate term down The intermediate term trend has been DOWN since Jan 10th, 2020 at 0.8457456

short term up 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).

-75
Smart Scan Analysis for BRLILS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7931677 0.7986967 0.7910552 0.7971906 +0.0040230
Prev. Close Volume Bid Ask Time
0.7931677 0.7967435 0.7976377 2020-02-14 17:01:55
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