Future Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
BRITISH POUND Jun 2021 (CME:6B.M21)
Long-Term Uptrend (+90) - 6B.M21 is in a strong uptrend that is likely to continue. While 6B.M21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid 6B.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6B.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6B.M21
The long-term trend has been UP since Jul 27th, 2020 at 1.2725
The intermediate-term trend has been UP since Apr 19th, 2021 at 1.3919
The short-term trend has been UP since May 6th, 2021 at 1.3914
Smart Scan Analysis for 6B.M21
Based on our trend formula, 6B.M21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).