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Future Trend Analysis Report

Prepared for you on Sunday, May 16, 2021.

BRAZILIAN REAL Jun 2021 (CME:6L.M21)

Bull Market Weakness (+75) - 6L.M21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 6L.M21 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid 6L.M21?

MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.M21.

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

CME_6L.M21
Open High Low 6L.M21 Price Change
0.18695 0.19035 0.18695 0.18975 +0.00105
Entry Signal

MarketClub’s Trade Triangles for 6L.M21

long term up The long-term trend has been UP since Apr 28th, 2021 at 0.18605

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 0.17950

short term down The short-term trend has been DOWN since May 12th, 2021 at 0.19010

Smart Scan Analysis for 6L.M21

Based on our trend formula, 6L.M21 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for 6L.M21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18695 0.19035 0.18695 0.18975 +0.00105
Prev. Close Volume Bid Ask Time
0.18945 5300 2021-05-14 16:56:23
Expiration2021-05-31Open Time18:00
Close Time17:00
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