Future Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
BRAZILIAN REAL Jun 2020 (CME:6L.M20)
Sidelines Mode (-55) - 6L.M20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid 6L.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6L.M20
The long-term trend has been DOWN since Feb 19th, 2020 at 0.22940
The intermediate-term trend has been UP since May 24th, 2020 at 0.18205
The short-term trend has been DOWN since May 29th, 2020 at 0.18640
Smart Scan Analysis for 6L.M20
Based on our trend formula, 6L.M20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).