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.
MarketClub’s Trade Triangles for CNYGBP
The long-term trend has been DOWN since Feb 14th, 2021 at 0.11171564
The intermediate-term trend has been DOWN since Dec 16th, 2020 at 0.11312311
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).