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.
MarketClub’s Trade Triangles for 6Z.Z20
The long-term trend has been UP since Nov 3rd, 2020 at 0.061550
The intermediate-term trend has been UP since Oct 21st, 2020 at 0.060525
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).