Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 30, 2020.

Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)

Sidelines Mode (+55) - CNYGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.11379598 0.11433080 0.11345680 0.11374733 -0.00004900
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 up The intermediate-term trend has been UP since Mar 12th, 2020 at 0.11295108

short term down The short-term trend has been DOWN since Mar 25th, 2020 at 0.11974654

Smart Scan Analysis for CNYGBP

Based on our trend formula, CNYGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CNYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11379598 0.11433080 0.11345680 0.11374733 -0.00004900
Prev. Close Volume Bid Ask Time
0.11379598 0.11373129 0.11376336 2020-03-30 06:32:25
Get a free daily analysis and signals for Chinese Yuan Renminbi/British Pound (CNYGBP) - Request Your Free Report.