Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Brazilian Real/Israeli Shekel (FOREX:BRLILS)
Weak Downtrend (-65) - BRLILS is showing signs of a strengthening downtrend. Monitor BRLILS as it may be building momentum to the downside.
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 16th, 2023 at 0.7893946
The intermediate-term trend has been DOWN since Nov 8th, 2023 at 0.7827493
The short-term trend has been DOWN since Dec 5th, 2023 at 0.7516587
Smart Scan Analysis for BRLILS
Based on our trend formula, BRLILS is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).