Future Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
BRITISH POUND Aug 2020 (CME:6B.Q20)
Long-Term Uptrend (+90) - 6B.Q20 is in a strong uptrend that is likely to continue. While 6B.Q20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid 6B.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6B.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6B.Q20
The long-term trend has been UP since Jun 2nd, 2020 at 1.2607
The intermediate-term trend has been UP since Jul 8th, 2020 at 1.2624
The short-term trend has been UP since Jul 1st, 2020 at 1.2390
Smart Scan Analysis for 6B.Q20
Based on our trend formula, 6B.Q20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).