Future Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
BRAZILIAN REAL Dec 2019 (CME:6L.Z19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for 6L.Z19
The long term trend has been DOWN since Nov 18th, 2019 at 0.23740
The intermediate term trend has been DOWN since Nov 11th, 2019 at 0.23955
The short term trend has been UP since Nov 28th, 2019 at 0.23685
Smart Scan Analysis for 6L.Z19
Based on a pre-defined weighted trend formula for chart analysis, 6L.Z19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).