Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)
Weak Uptrend (+65) - CNYGBP is showing signs of weakening momentum to the upside. Monitor CNYGBP as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for CNYGBP
The long-term trend has been UP since Jun 18th, 2021 at 0.11206643
The intermediate-term trend has been UP since Sep 19th, 2021 at 0.11270625
The short-term trend has been DOWN since Oct 14th, 2021 at 0.11359549
Smart Scan Analysis for CNYGBP
Based on our trend formula, CNYGBP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).