Future Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
SOUTH AFRICAN RAND Jun 2020 (CME:6Z.M20)
Long-Term Downtrend (-90) - 6Z.M20 is in a strong downtrend that is likely to continue. While 6Z.M20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid 6Z.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6Z.M20
The long-term trend has been DOWN since Feb 20th, 2020 at 0.0672
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 0.0650
The short-term trend has been DOWN since Mar 27th, 2020 at 0.0562
Smart Scan Analysis for 6Z.M20
Based on our trend formula, 6Z.M20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).