Future Trend Analysis Report
Prepared for you on Monday, August 2, 2021.
BRAZILIAN REAL Aug 2021 (CME:6L.Q21)
Weak Uptrend (+65) - 6L.Q21 is showing signs of weakening momentum to the upside. Monitor 6L.Q21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid 6L.Q21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.Q21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6L.Q21
The long-term trend has been UP since Oct 9th, 2018 at 0.23665
The intermediate-term trend has been DOWN since Jul 6th, 2021 at 0.19425
The short-term trend has been UP since Jul 22nd, 2021 at 0.19275
Smart Scan Analysis for 6L.Q21
Based on our trend formula, 6L.Q21 is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).