Future Trend Analysis Report
Prepared for you on Tuesday, May 17, 2022.
AUSTRALIAN $ May 2022 (CME:6A.K22)
Long-Term Downtrend (-90) - 6A.K22 is in a strong downtrend that is likely to continue. While 6A.K22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid 6A.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6A.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6A.K22
The long-term trend has been DOWN since Apr 28th, 2022 at 0.71145
The intermediate-term trend has been DOWN since Apr 17th, 2022 at 0.74000
The short-term trend has been DOWN since May 8th, 2022 at 0.70700
Smart Scan Analysis for 6A.K22
Based on our trend formula, 6A.K22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).