Future Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
AUSTRALIAN $ Nov 2020 (CME:6A.X20)
Bear Market Rally (-75) - 6A.X20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on 6A.X20 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid 6A.X20?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6A.X20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6A.X20
The long-term trend has been DOWN since Sep 22nd, 2020 at 0.7142
The intermediate-term trend has been DOWN since Sep 22nd, 2020 at 0.7193
The short-term trend has been UP since Oct 21st, 2020 at 0.7105
Smart Scan Analysis for 6A.X20
Based on our trend formula, 6A.X20 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).