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Forex Trend Analysis Report

Prepared for you on Wednesday, March 29, 2023.

Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)

Strong Downtrend (-100) - CNYGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYGBP continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CNYGBP?

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

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

FOREX_CNYGBP
Open High Low CNYGBP Price Change
0.11778585 0.11797605 0.11755128 0.11756145 -0.00022400
Entry Signal

MarketClub’s Trade Triangles for CNYGBP

long term down The long-term trend has been DOWN since Oct 25th, 2022 at 0.12025362

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2023 at 0.11960904

short term down The short-term trend has been DOWN since Mar 27th, 2023 at 0.11866421

Smart Scan Analysis for CNYGBP

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

-100
Smart Scan Analysis for CNYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11778585 0.11797605 0.11755128 0.11756145 -0.00022400
Prev. Close Volume Bid Ask Time
0.11778585 2023-03-29 06:07:56
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