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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.

CME_6Z.U23
Open High Low 6Z.U23 Price Change
0.052350 0.052750 0.052350 0.052589 0.000000
Entry Signal

MarketClub’s Trade Triangles for 6Z.U23

long term up The long-term trend has been UP since Jun 15th, 2023 at 0.054225

intermediate term down The intermediate-term trend has been DOWN since Aug 7th, 2023 at 0.053150

short term down 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).

-60
Smart Scan Analysis for 6Z.U23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.052350 0.052750 0.052350 0.052589 0.000000
Prev. Close Volume Bid Ask Time
0.052600 7 2023-09-15 11:36:00
Expiration2023-09-18Open Time18:00
Close Time17:00
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