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Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)
Strong Downtrend (-100) - CNYGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYGBP continues to fall. Traders should use caution and set stops.
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 Oct 25th, 2022 at 0.12025362
The intermediate-term trend has been DOWN since Feb 27th, 2023 at 0.11960904
The short-term trend has been DOWN since Mar 27th, 2023 at 0.11866421
Smart Scan Analysis for CNYGBP
Based on our trend formula, CNYGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.11778585 | 0.11797605 | 0.11755128 | 0.11756145 | -0.00022400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.11778585 | 2023-03-29 06:07:56 |