Future Trend Analysis Report
Prepared for you on Friday, April 16, 2021.
SOUTH AFRICAN RAND Jun 2021 (CME:6Z.M21)
Countertrend Up (+85) - 6Z.M21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid 6Z.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6Z.M21
The long-term trend has been UP since Apr 1st, 2021 at 0.067650
The intermediate-term trend has been UP since Apr 1st, 2021 at 0.067625
The short-term trend has been DOWN since Apr 13th, 2021 at 0.067750
Smart Scan Analysis for 6Z.M21
Based on our trend formula, 6Z.M21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).