Future Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
STERLING/CANADIAN $ JUNE 2020 (ICE:@PC.M20)
Long-Term Downtrend (-90) - @PC.M20 is in a strong downtrend that is likely to continue. While @PC.M20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @PC.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @PC.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @PC.M20
The long-term trend has been DOWN since Mar 18th, 2020 at 1.70400
The intermediate-term trend has been DOWN since Mar 18th, 2020 at 1.71030
The short-term trend has been DOWN since May 7th, 2020 at 1.74125
Smart Scan Analysis for @PC.M20
Based on our trend formula, @PC.M20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1.77195||52wk High Date||2020-03-31|
|52wk Low||1.7025||52wk Low Date||2020-05-19|