Future Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
EURO FX May 2020 (CME:6E.K20)
Sidelines Mode (+50) - 6E.K20 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until 6E.K20 can gain momentum.
Is it time to buy, sell, or avoid 6E.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6E.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6E.K20
The long-term trend has been DOWN since Mar 19th, 2020 at 1.08395
The intermediate-term trend has been UP since May 1st, 2020 at 1.09930
The short-term trend has been UP since May 18th, 2020 at 1.08450
Smart Scan Analysis for 6E.K20
Based on our trend formula, 6E.K20 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).