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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)

Countertrend Down (-85) - CNYGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.11078294 0.11140711 0.11056287 0.11056287 -0.00022000
Entry Signal

MarketClub’s Trade Triangles for CNYGBP

long term down The long-term trend has been DOWN since Feb 14th, 2021 at 0.11171564

intermediate term down The intermediate-term trend has been DOWN since Dec 16th, 2020 at 0.11312311

short term up The short-term trend has been UP since Feb 25th, 2021 at 0.11061396

Smart Scan Analysis for CNYGBP

Based on our trend formula, CNYGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CNYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11078294 0.11140711 0.11056287 0.11056287 -0.00022000
Prev. Close Volume Bid Ask Time
0.11078294 2021-02-26 10:57:44
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