Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
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.
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 UP since Mar 12th, 2020 at 0.11295108
The short-term trend has been DOWN since Mar 25th, 2020 at 0.11974654
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).