Future Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
SOUTH AFRICAN RAND Sep 2023 (CME:6Z.U23)
Crossroads (-60) - 6Z.U23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid 6Z.U23?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.U23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6Z.U23
The long-term trend has been UP since Jun 15th, 2023 at 0.054225
The intermediate-term trend has been DOWN since Aug 7th, 2023 at 0.053150
The short-term trend has been DOWN since Sep 14th, 2023 at 0.052825
Smart Scan Analysis for 6Z.U23
Based on our trend formula, 6Z.U23 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).