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Forex Trend Analysis Report

Prepared for you on Monday, January 30, 2023.

Brazilian Real/Israeli Shekel (FOREX:BRLILS)

Long-Term Uptrend (+90) - BRLILS is in a strong uptrend that is likely to continue. While BRLILS is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_BRLILS
Open High Low BRLILS Price Change
0.6727280 0.6843533 0.6722186 0.6763273 +0.0035990
Entry Signal

MarketClub’s Trade Triangles for BRLILS

long term up The long-term trend has been UP since Oct 3rd, 2022 at 0.68595890

intermediate term up The intermediate-term trend has been UP since Dec 20th, 2022 at 0.66709650

short term up The short-term trend has been UP since Jan 25th, 2023 at 0.65514615

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).

+90
Smart Scan Analysis for BRLILS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6727280 0.6843533 0.6722186 0.6763273 +0.0035990
Prev. Close Volume Bid Ask Time
0.6727280 2023-01-30 23:07:15
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