Future Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
AUSTRALIAN $ May 2021 (CME:6A.K21)
Sidelines Mode (+55) - 6A.K21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid 6A.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6A.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6A.K21
The long-term trend has been DOWN since Mar 23rd, 2021 at 0.76225
The intermediate-term trend has been UP since Apr 16th, 2021 at 0.77490
The short-term trend has been DOWN since Apr 30th, 2021 at 0.77330
Smart Scan Analysis for 6A.K21
Based on our trend formula, 6A.K21 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).