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Future Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

EURO/BRITISH POUND Dec 2023 (CME:RP.Z23)

Long-Term Downtrend (-90) - RP.Z23 is in a strong downtrend that is likely to continue. While RP.Z23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid RP.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for RP.Z23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_RP.Z23
Open High Low RP.Z23 Price Change
0.85680 0.85860 0.85650 0.85805 +0.00150
Entry Signal

MarketClub’s Trade Triangles for RP.Z23

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 0.85895

intermediate term down The intermediate-term trend has been DOWN since Nov 27th, 2023 at 0.86790

short term down The short-term trend has been DOWN since Nov 21st, 2023 at 0.87455

Smart Scan Analysis for RP.Z23

Based on our trend formula, RP.Z23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for RP.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.85680 0.85860 0.85650 0.85805 +0.00150
Prev. Close Volume Bid Ask Time
0.85665 156 2023-12-04 00:17:42
Expiration2023-12-18Open Time18:00
Close Time17:00
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