Future Trend Analysis Report
Prepared for you on Monday, September 20, 2021.
BRAZILIAN REAL Oct 2021 (CME:6L.V21)
Bear Market Rally (-75) - 6L.V21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on 6L.V21 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid 6L.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6L.V21
The long-term trend has been DOWN since Aug 3rd, 2021 at 0.18845
The intermediate-term trend has been UP since Aug 29th, 2021 at 0.19185
The short-term trend has been DOWN since Sep 16th, 2021 at 0.18950
Smart Scan Analysis for 6L.V21
Based on our trend formula, 6L.V21 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).