Future Trend Analysis Report
Prepared for you on Tuesday, June 6, 2023.
BRAZILIAN REAL Jun 2023 (CME:6L.M23)
Sidelines Mode (+55) - 6L.M23 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.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6L.M23
The long-term trend has been UP since Mar 29th, 2023 at 0.19220
The intermediate-term trend has been UP since Mar 29th, 2023 at 0.19220
The short-term trend has been DOWN since May 25th, 2023 at 0.20065
Smart Scan Analysis for 6L.M23
Based on our trend formula, 6L.M23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).