Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)
Long-Term Uptrend (+90) - CNYGBP is in a strong uptrend that is likely to continue. While CNYGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Jun 5th, 2022 at 0.12044602
The short-term trend has been UP since Jun 23rd, 2022 at 0.12245784
Smart Scan Analysis for CNYGBP
Based on our trend formula, CNYGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).