Future Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
EURO/BRITISH POUND Sep 2020 (CME:RP.U20)
Sidelines Mode (+55) - RP.U20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RP.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for RP.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RP.U20
The long-term trend has been UP since May 19th, 2020 at 0.87830
The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.89665
The short-term trend has been UP since Aug 12th, 2020 at 0.90470
Smart Scan Analysis for RP.U20
Based on our trend formula, RP.U20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).