Future Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
EURO/BRITISH POUND Jun 2022 (CME:RP.M22)
Bull Market Weakness (+75) - RP.M22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RP.M22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RP.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for RP.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RP.M22
The long-term trend has been UP since Mar 30th, 2022 at 0.85245
The intermediate-term trend has been UP since Apr 26th, 2022 at 0.84545
The short-term trend has been UP since May 16th, 2022 at 0.85380
Smart Scan Analysis for RP.M22
Based on our trend formula, RP.M22 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).