Future Trend Analysis Report
Prepared for you on Tuesday, April 13, 2021.
BRAZILIAN REAL Jun 2021 (CME:6L.M21)
Strong Downtrend (-100) - 6L.M21 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid 6L.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6L.M21
The long-term trend has been DOWN since Feb 16th, 2021 at 0.1835
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.1835
The short-term trend has been DOWN since Apr 9th, 2021 at 0.1756
Smart Scan Analysis for 6L.M21
Based on our trend formula, 6L.M21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).