Future Trend Analysis Report
Prepared for you on Wednesday, May 5, 2021.
BRITISH POUND May 2021 (CME:6B.K21)
Sidelines Mode (+55) - 6B.K21 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 6B.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6B.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6B.K21
The long-term trend has been DOWN since Mar 5th, 2021 at 1.3807
The intermediate-term trend has been UP since Apr 19th, 2021 at 1.3900
The short-term trend has been DOWN since Apr 30th, 2021 at 1.3880
Smart Scan Analysis for 6B.K21
Based on our trend formula, 6B.K21 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).