Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)
Weak Downtrend (-65) - CNYGBP is showing signs of a strengthening downtrend. Monitor CNYGBP as it may be building momentum to the downside.
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 Mar 2nd, 2020 at 0.11248813
The intermediate-term trend has been DOWN since May 27th, 2020 at 0.11331054
The short-term trend has been DOWN since May 18th, 2020 at 0.11521535
Smart Scan Analysis for CNYGBP
Based on our trend formula, CNYGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).