Future Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
SOUTH AFRICAN RAND Sep 2020 (CME:6Z.U20)
Bull Market Weakness (+75) - 6Z.U20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 6Z.U20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid 6Z.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6Z.U20
The long-term trend has been DOWN since Aug 7th, 2020 at 0.05660
The intermediate-term trend has been UP since Aug 24th, 2020 at 0.05835
The short-term trend has been UP since Sep 10th, 2020 at 0.06020
Smart Scan Analysis for 6Z.U20
Based on our trend formula, 6Z.U20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).