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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)

Weak Downtrend (-65) - CNYGBP is showing signs of a strengthening downtrend. Monitor CNYGBP as it may be building momentum to the downside.

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
0.11327281 0.11340157 0.11235866 0.11246370 -0.00080900
Entry Signal

MarketClub’s Trade Triangles for CNYGBP

long term up The long-term trend has been UP since Mar 2nd, 2020 at 0.11248813

intermediate term down The intermediate-term trend has been DOWN since May 27th, 2020 at 0.11331054

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.11521535

Smart Scan Analysis for CNYGBP

Based on our trend formula, CNYGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11327281 0.11340157 0.11235866 0.11246370 -0.00080900
Prev. Close Volume Bid Ask Time
0.11327281 0.11244792 0.11247948 2020-06-01 12:27:01
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