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Future Trend Analysis Report

Prepared for you on Wednesday, November 25, 2020.

SOUTH AFRICAN RAND Dec 2020 (CME:6Z.Z20)

Long-Term Uptrend (+90) - 6Z.Z20 is in a strong uptrend that is likely to continue. While 6Z.Z20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid 6Z.Z20?

MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.Z20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_6Z.Z20
Open High Low 6Z.Z20 Price Change
0.066000 0.066000 0.065875 0.065875 -0.000050
Entry Signal

MarketClub’s Trade Triangles for 6Z.Z20

long term up The long-term trend has been UP since Nov 3rd, 2020 at 0.061550

intermediate term up The intermediate-term trend has been UP since Oct 21st, 2020 at 0.060525

short term up The short-term trend has been UP since Nov 15th, 2020 at 0.064325

Smart Scan Analysis for 6Z.Z20

Based on our trend formula, 6Z.Z20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for 6Z.Z20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.066000 0.066000 0.065875 0.065875 -0.000050
Prev. Close Volume Bid Ask Time
0.062825 2 2020-11-25 20:55:39
Expiration2020-12-14Open Time18:00
Close Time17:00
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