Future Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
EURO/BRITISH POUND Sep 2019 (CME:RP.U19)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RP.U19
The long term trend has been UP since May 14th, 2019 at 0.86700
The intermediate term trend has been UP since Jul 29th, 2019 at 0.90560
The short term trend has been DOWN since Aug 14th, 2019 at 0.92735
Smart Scan Analysis for RP.U19
Based on a pre-defined weighted trend formula for chart analysis, RP.U19 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||18:00||Close Time||17:00|