Future Trend Analysis Report
Prepared for you on Friday, December 3, 2021.
BRAZILIAN REAL Dec 2021 (CME:6L.Z21)
Sidelines Mode (+50) - 6L.Z21 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until 6L.Z21 can gain momentum.
Is it time to buy, sell, or avoid 6L.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6L.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6L.Z21
The long-term trend has been DOWN since Aug 2nd, 2021 at 0.1912
The intermediate-term trend has been UP since Nov 9th, 2021 at 0.1816
The short-term trend has been UP since Nov 28th, 2021 at 0.1799
Smart Scan Analysis for 6L.Z21
Based on our trend formula, 6L.Z21 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).