Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
AUSTRALIAN $ Dec 2023 (CME:6A.Z23)
Bull Market Weakness (+75) - 6A.Z23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 6A.Z23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid 6A.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6A.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6A.Z23
The long-term trend has been UP since Nov 28th, 2023 at 0.6651
The intermediate-term trend has been UP since Nov 3rd, 2023 at 0.6461
The short-term trend has been UP since Dec 8th, 2023 at 0.6615
Smart Scan Analysis for 6A.Z23
Based on our trend formula, 6A.Z23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).