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Future Trend Analysis Report

Prepared for you on Monday, October 19, 2020.

SOUTH AFRICAN RAND Dec 2020 (CME:6Z.Z20)

Sidelines Mode (-55) - 6Z.Z20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid 6Z.Z20?

MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.Z20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_6Z.Z20
Open High Low 6Z.Z20 Price Change
0.060100 0.060500 0.060075 0.060200 +0.000100
Entry Signal

MarketClub’s Trade Triangles for 6Z.Z20

long term down The long-term trend has been DOWN since Sep 23rd, 2020 at 0.058275

intermediate term down The intermediate-term trend has been DOWN since Sep 23rd, 2020 at 0.058275

short term up The short-term trend has been UP since Oct 18th, 2020 at 0.060200

Smart Scan Analysis for 6Z.Z20

Based on our trend formula, 6Z.Z20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for 6Z.Z20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.060100 0.060500 0.060075 0.060200 +0.000100
Prev. Close Volume Bid Ask Time
0.060850 2454 2020-10-19 17:28:31
Expiration2020-12-14Open Time18:00
Close Time17:00
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