Future Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
BRAZILIAN REAL Mar 2021 (CME:6L.H21)
Countertrend Down (-85) - 6L.H21 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 6L.H21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.H21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6L.H21
The long-term trend has been DOWN since Jan 7th, 2021 at 0.18400
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.19075
The short-term trend has been UP since Feb 25th, 2021 at 0.18485
Smart Scan Analysis for 6L.H21
Based on our trend formula, 6L.H21 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).