Future Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
BRAZILIAN REAL Nov 2021 (CME:6L.X21)
Countertrend Down (-85) - 6L.X21 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid 6L.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6L.X21
The long-term trend has been DOWN since Sep 9th, 2021 at 0.1858
The intermediate-term trend has been DOWN since Sep 9th, 2021 at 0.1858
The short-term trend has been UP since Oct 25th, 2021 at 0.1776
Smart Scan Analysis for 6L.X21
Based on our trend formula, 6L.X21 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).