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Future Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

BRAZILIAN REAL Apr 2021 (CME:6L.J21)

Long-Term Downtrend (-90) - 6L.J21 is in a strong downtrend that is likely to continue. While 6L.J21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid 6L.J21?

MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.J21.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_6L.J21
Open High Low 6L.J21 Price Change
0.17620 0.17745 0.17435 0.17535 -0.00190
Entry Signal

MarketClub’s Trade Triangles for 6L.J21

long term down The long-term trend has been DOWN since Jan 5th, 2021 at 0.18615

intermediate term down The intermediate-term trend has been DOWN since Jan 5th, 2021 at 0.19255

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 0.18240

Smart Scan Analysis for 6L.J21

Based on our trend formula, 6L.J21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for 6L.J21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17620 0.17745 0.17435 0.17535 -0.00190
Prev. Close Volume Bid Ask Time
0.17585 9760 2021-03-05 16:54:59
Expiration2021-03-31Open Time18:00
Close Time17:00
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