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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.

CME_6L.M20
Open High Low 6L.M20 Price Change
0.18660 0.18735 0.18340 0.18380 -0.00055
Entry Signal

MarketClub’s Trade Triangles for 6L.M20

long term down The long-term trend has been DOWN since Feb 19th, 2020 at 0.22940

intermediate term up The intermediate-term trend has been UP since May 24th, 2020 at 0.18205

short term down 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).

-55
Smart Scan Analysis for 6L.M20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18660 0.18735 0.18340 0.18380 -0.00055
Prev. Close Volume Bid Ask Time
0.19190 163 2020-05-29 10:10:41
Expiration2020-05-29Open Time18:00
Close Time17:00
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