Future Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
EURO/BRITISH POUND Feb 2019 (CME:RP.G19)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.G19
The long term trend has been UP since Jan 11th, 2019 at 0.89675
The intermediate term trend has been DOWN since Nov 5th, 2018 at 0.88020
The short term trend has been DOWN since Feb 14th, 2019 at 0.89025
Smart Scan Analysis for RP.G19
Based on a pre-defined weighted trend formula for chart analysis, RP.G19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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