Future Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
SOUTH AFRICAN RAND Sep 2020 (CME:6Z.U20)
Bear Market Rally (-75) - 6Z.U20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on 6Z.U20 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid 6Z.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6Z.U20
The long-term trend has been DOWN since Aug 7th, 2020 at 0.056600
The intermediate-term trend has been DOWN since Aug 2nd, 2020 at 0.058200
The short-term trend has been UP since Aug 12th, 2020 at 0.057125
Smart Scan Analysis for 6Z.U20
Based on our trend formula, 6Z.U20 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).