Future Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
EURO/BRITISH POUND Aug 2018 (E) (CME:RP.Q18.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RP.Q18.E
The long term trend has been UP since Apr 17th, 2018 at 0.86735
The intermediate term trend has been UP since Jun 11th, 2018 at 0.88120
The short term trend has been DOWN since Jun 21st, 2018 at 0.87705
Smart Scan Analysis for RP.Q18.E
Based on a pre-defined weighted trend formula for chart analysis, RP.Q18.E scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||0.88595||Contract High Date||2018-07-16|
|Contract Low||0.875||Contract Low Date||2018-06-21|
|Estimated Volume||1||First Delivery||2018-08-15|