Future Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
SOUTH AFRICAN RAND Sep 2021 (CME:6Z.U21)
Bear Market Rally (-75) - 6Z.U21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on 6Z.U21 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid 6Z.U21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.U21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6Z.U21
The long-term trend has been DOWN since Jul 1st, 2021 at 0.068650
The intermediate-term trend has been DOWN since Jun 15th, 2021 at 0.071625
The short-term trend has been UP since Jul 29th, 2021 at 0.067275
Smart Scan Analysis for 6Z.U21
Based on our trend formula, 6Z.U21 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).