Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)
Bull Market Weakness (+75) - CNYGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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 Sep 26th, 2023 at 0.11357982
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.11114125
The short-term trend has been UP since Dec 5th, 2023 at 0.11202609
Smart Scan Analysis for CNYGBP
Based on our trend formula, CNYGBP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).