Future Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
CANADIAN $ May 2021 (CME:6C.K21)
Countertrend Up (+85) - 6C.K21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid 6C.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6C.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6C.K21
The long-term trend has been UP since Feb 19th, 2021 at 0.78075
The intermediate-term trend has been UP since Apr 23rd, 2021 at 0.80165
The short-term trend has been DOWN since May 13th, 2021 at 0.82570
Smart Scan Analysis for 6C.K21
Based on our trend formula, 6C.K21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).