Future Trend Analysis Report
Prepared for you on Wednesday, October 4, 2023.
CANADIAN $ Dec 2023 (CME:6C.Z23)
Countertrend Down (-85) - 6C.Z23 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid 6C.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6C.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6C.Z23
The long-term trend has been DOWN since Aug 25th, 2023 at 0.7351
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 0.7342
The short-term trend has been UP since Sep 29th, 2023 at 0.7426
Smart Scan Analysis for 6C.Z23
Based on our trend formula, 6C.Z23 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).