Future Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
EURO/BRITISH POUND Jun 2021 (CME:RP.M21)
Crossroads (-60) - RP.M21 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RP.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for RP.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RP.M21
The long-term trend has been UP since Apr 9th, 2021 at 0.86865
The intermediate-term trend has been DOWN since May 10th, 2021 at 0.86155
The short-term trend has been DOWN since May 17th, 2021 at 0.86040
Smart Scan Analysis for RP.M21
Based on our trend formula, RP.M21 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).