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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.

CME_6Z.U22
Open High Low 6Z.U22 Price Change
0.059025 0.059075 0.058450 0.058600 -0.000450
Entry Signal

MarketClub’s Trade Triangles for 6Z.U22

long term down The long-term trend has been DOWN since Jun 10th, 2022 at 0.062725

intermediate term down The intermediate-term trend has been DOWN since Aug 19th, 2022 at 0.058700

short term down 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).

-90
Smart Scan Analysis for 6Z.U22
Strong Downtrend Sideways 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
Expiration2022-09-19Open Time18:00
Close Time17:00
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