Forex Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
Chinese Renminbi Yuan/British Pound (FOREX:CNYGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNYGBP
The long term trend has been DOWN since Sep 14th, 2018 at 0.111125
The intermediate term trend has been DOWN since Aug 29th, 2018 at 0.112395
The short term trend has been UP since Oct 14th, 2018 at 0.110070
Smart Scan Analysis for CNYGBP
Based on a pre-defined weighted trend formula for chart analysis, CNYGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).