Future Trend Analysis Report
Prepared for you on Friday, July 30, 2021.
EURO/BRITISH POUND Sep 2021 (CME:RP.U21)
Bear Market Rally (-75) - RP.U21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RP.U21 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid RP.U21?
MarketClub looks at technical strength and momentum to determine if the timing is right for RP.U21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RP.U21
The long-term trend has been DOWN since May 10th, 2021 at 0.87000
The intermediate-term trend has been DOWN since Jul 27th, 2021 at 0.85325
The short-term trend has been UP since Jul 30th, 2021 at 0.85265
Smart Scan Analysis for RP.U21
Based on our trend formula, RP.U21 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).