Future Trend Analysis Report
Prepared for you on Sunday, April 18, 2021.
BRAZILIAN REAL May 2021 (CME:6L.K21)
Weak Downtrend (-65) - 6L.K21 is showing signs of a strengthening downtrend. Monitor 6L.K21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid 6L.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6L.K21
The long-term trend has been DOWN since Feb 24th, 2021 at 0.18410
The intermediate-term trend has been DOWN since Nov 8th, 2018 at 0.24185
The short-term trend has been UP since Apr 15th, 2021 at 0.17645
Smart Scan Analysis for 6L.K21
Based on our trend formula, 6L.K21 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).