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.
MarketClub’s Trade Triangles for BRLILS
The long-term trend has been UP since Oct 3rd, 2022 at 0.68595890
The intermediate-term trend has been UP since Dec 20th, 2022 at 0.66709650
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).