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.
MarketClub’s Trade Triangles for 6Z.Z20
The long-term trend has been DOWN since Sep 23rd, 2020 at 0.058275
The intermediate-term trend has been DOWN since Sep 23rd, 2020 at 0.058275
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).