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.
MarketClub’s Trade Triangles for 6L.M21
The long-term trend has been UP since Apr 28th, 2021 at 0.18605
The intermediate-term trend has been UP since Apr 19th, 2021 at 0.17950
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).