Future Trend Analysis Report
Prepared for you on Thursday, December 8, 2022.
EURO/BRITISH POUND Dec 2022 (CME:RP.Z22)
Bear Market Rally (-75) - RP.Z22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RP.Z22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid RP.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for RP.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RP.Z22
The long-term trend has been DOWN since Dec 2nd, 2022 at 0.85865
The intermediate-term trend has been DOWN since Nov 24th, 2022 at 0.86010
The short-term trend has been UP since Dec 5th, 2022 at 0.86135
Smart Scan Analysis for RP.Z22
Based on our trend formula, RP.Z22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).