Future Trend Analysis Report
Prepared for you on Tuesday, October 20, 2020.
SOUTH AFRICAN RAND Oct 2020 (CME:6Z.V20)
Bull Market Weakness (+75) - 6Z.V20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 6Z.V20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid 6Z.V20?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.V20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6Z.V20
The long-term trend has been UP since Sep 15th, 2020 at 0.0595
The intermediate-term trend has been UP since Oct 15th, 2020 at 0.0599
The short-term trend has been UP since Oct 15th, 2020 at 0.0587
Smart Scan Analysis for 6Z.V20
Based on our trend formula, 6Z.V20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).