Future Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
BRAZILIAN REAL Dec 2020 (CME:6L.Z20)
Bull Market Weakness (+75) - 6L.Z20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 6L.Z20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid 6L.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6L.Z20
The long-term trend has been DOWN since Sep 24th, 2020 at 0.1779
The intermediate-term trend has been UP since Nov 5th, 2020 at 0.1804
The short-term trend has been UP since Nov 25th, 2020 at 0.1863
Smart Scan Analysis for 6L.Z20
Based on our trend formula, 6L.Z20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).