Future Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
CANADIAN $ Aug 2020 (CME:6C.Q20)
Long-Term Uptrend (+90) - 6C.Q20 is in a strong uptrend that is likely to continue. While 6C.Q20 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 6C.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6C.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6C.Q20
The long-term trend has been UP since May 19th, 2020 at 0.71365
The intermediate-term trend has been UP since May 19th, 2020 at 0.71365
The short-term trend has been UP since Aug 4th, 2020 at 0.74745
Smart Scan Analysis for 6C.Q20
Based on our trend formula, 6C.Q20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).