Future Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
STERLING/CANADIAN $ DECEMBER 2020 (ICE:@PC.Z20)
Long-Term Downtrend (-90) - @PC.Z20 is in a strong downtrend that is likely to continue. While @PC.Z20 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.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @PC.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @PC.Z20
The long-term trend has been DOWN since Mar 16th, 2020 at 1.71330
The intermediate-term trend has been DOWN since Sep 8th, 2020 at 1.72755
The short-term trend has been DOWN since Sep 2nd, 2020 at 1.74320
Smart Scan Analysis for @PC.Z20
Based on our trend formula, @PC.Z20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1.7143||52wk High Date||2020-09-17|
|52wk Low||1.7093||52wk Low Date||2020-09-09|