Future Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
EURO/BRITISH POUND Mar 2020 (CME:RP.H20)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.H20
The long term trend has been DOWN since Sep 6th, 2018 at 0.92040
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 0.85650
The short term trend has been DOWN since Feb 10th, 2020 at 0.84725
Smart Scan Analysis for RP.H20
Based on a pre-defined weighted trend formula for chart analysis, RP.H20 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).