Future Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
SOUTH AFRICAN RAND Dec 2023 (CME:6Z.Z23)
Weak Downtrend (-65) - 6Z.Z23 is showing signs of a strengthening downtrend. Monitor 6Z.Z23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid 6Z.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6Z.Z23
The long-term trend has been UP since Nov 1st, 2023 at 0.053475
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 0.052800
The short-term trend has been DOWN since Nov 30th, 2023 at 0.053175
Smart Scan Analysis for 6Z.Z23
Based on our trend formula, 6Z.Z23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).