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Forex Trend Analysis Report

Prepared for you on Saturday, July 13, 2024.

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
0.10626661 0.10858830 0.10626661 0.10858830 +0.00232200
Entry Signal

MarketClub’s Trade Triangles for CNYGBP

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 0.10796275

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 0.10938347

short term up The short-term trend has been UP since Jul 13th, 2024 at 0.10747420

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
0.10626661 0.10858830 0.10626661 0.10858830 +0.00232200
Prev. Close Volume Bid Ask Time
0.10626661 2024-07-13 18:12:02
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