Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
BRAZILIAN REAL Dec 2023 (CME:6L.Z23)
Weak Downtrend (-65) - 6L.Z23 is showing signs of a strengthening downtrend. Monitor 6L.Z23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid 6L.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6L.Z23
The long-term trend has been DOWN since Sep 8th, 2023 at 0.20080
The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.19820
The short-term trend has been DOWN since Nov 30th, 2023 at 0.20375
Smart Scan Analysis for 6L.Z23
Based on our trend formula, 6L.Z23 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).