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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.

CME_6L.J20
Open High Low 6L.J20 Price Change
0.19155 0.19250 0.18680 0.19236 -0.00065
Entry Signal

MarketClub’s Trade Triangles for 6L.J20

long term down The long-term trend has been DOWN since Jan 7th, 2020 at 0.24480

intermediate term down The intermediate-term trend has been DOWN since Jan 7th, 2020 at 0.24480

short term down 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).

-90
Smart Scan Analysis for 6L.J20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19155 0.19250 0.18680 0.19236 -0.00065
Prev. Close Volume Bid Ask Time
0.19185 1059 2020-03-31 10:12:51
Expiration2020-03-31Open Time18:00
Close Time17:00
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