Future Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
CANADIAN $ Dec 2023 (CME:6C.Z23)
Sidelines Mode (-55) - 6C.Z23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid 6C.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6C.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6C.Z23
The long-term trend has been DOWN since Aug 25th, 2023 at 0.7351
The intermediate-term trend has been UP since Nov 24th, 2023 at 0.7331
The short-term trend has been DOWN since Dec 4th, 2023 at 0.7375
Smart Scan Analysis for 6C.Z23
Based on our trend formula, 6C.Z23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).