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.
MarketClub’s Trade Triangles for RP.Z23
The long-term trend has been DOWN since Dec 1st, 2023 at 0.85895
The intermediate-term trend has been DOWN since Nov 27th, 2023 at 0.86790
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).