Future Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
SOUTH AFRICAN RAND Jun 2023 (CME:6Z.M23)
Weak Downtrend (-65) - 6Z.M23 is showing signs of a strengthening downtrend. Monitor 6Z.M23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid 6Z.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6Z.M23
The long-term trend has been DOWN since May 10th, 2023 at 0.053175
The intermediate-term trend has been DOWN since May 9th, 2023 at 0.053875
The short-term trend has been DOWN since Jun 1st, 2023 at 0.050450
Smart Scan Analysis for 6Z.M23
Based on our trend formula, 6Z.M23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).