Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
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.
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MarketClub’s Trade Triangles for CNYGBP
The long-term trend has been DOWN since Jan 10th, 2024 at 0.10932415
The intermediate-term trend has been UP since Apr 1st, 2024 at 0.11081546
The short-term trend has been UP since Apr 10th, 2024 at 0.11144177
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.11122663 | 0.11168126 | 0.11078961 | 0.11166729 | +0.00044100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.11122663 | 2024-04-19 15:14:10 |