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Future Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
SOUTH AFRICAN RAND Sep 2022 (CME:6Z.U22)
Long-Term Downtrend (-90) - 6Z.U22 is in a strong downtrend that is likely to continue. While 6Z.U22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid 6Z.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for 6Z.U22
The long-term trend has been DOWN since Jun 10th, 2022 at 0.062725
The intermediate-term trend has been DOWN since Aug 19th, 2022 at 0.058700
The short-term trend has been DOWN since Aug 15th, 2022 at 0.061100
Smart Scan Analysis for 6Z.U22
Based on our trend formula, 6Z.U22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.059025 | 0.059075 | 0.058450 | 0.058600 | -0.000450 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.059050 | 2129 | 2022-08-19 16:59:55 |
| Expiration | 2022-09-19 | Open Time | 18:00 |
| Close Time | 17:00 |