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Future Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

SOUTH AFRICAN RAND Dec 2021 (CME:6Z.Z21)

Sidelines Mode (-55) - 6Z.Z21 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.Z21?

MarketClub looks at technical strength and momentum to determine if the timing is right for 6Z.Z21.

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

CME_6Z.Z21
Open High Low 6Z.Z21 Price Change
0.063150 0.063375 0.063000 0.063375 +0.000325
Entry Signal

MarketClub’s Trade Triangles for 6Z.Z21

long term down The long-term trend has been DOWN since Nov 1st, 2021 at 0.06460

intermediate term down The intermediate-term trend has been DOWN since Oct 28th, 2021 at 0.06580

short term up The short-term trend has been UP since Dec 8th, 2021 at 0.06325

Smart Scan Analysis for 6Z.Z21

Based on our trend formula, 6Z.Z21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for 6Z.Z21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.063150 0.063375 0.063000 0.063375 +0.000325
Prev. Close Volume Bid Ask Time
0.063050 1776 2021-12-08 07:36:10
Expiration2021-12-13Open Time18:00
Close Time17:00
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