Future Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
BRAZILIAN REAL Apr 2020 (CME:6L.J20)
Long-Term Downtrend (-90) - 6L.J20 is in a strong downtrend that is likely to continue. While 6L.J20 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 6L.J20?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.J20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6L.J20
The long-term trend has been DOWN since Jan 7th, 2020 at 0.24480
The intermediate-term trend has been DOWN since Jan 7th, 2020 at 0.24480
The short-term trend has been DOWN since Mar 27th, 2020 at 0.19585
Smart Scan Analysis for 6L.J20
Based on our trend formula, 6L.J20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).