Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, December 6, 2023.

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.

FOREX_CNYGBP
Open High Low CNYGBP Price Change
0.11179759 0.11209747 0.11173344 0.11186917 +0.00007200
Entry Signal

MarketClub’s Trade Triangles for CNYGBP

long term up The long-term trend has been UP since Sep 26th, 2023 at 0.11357982

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.11114125

short term up The short-term trend has been UP since Dec 5th, 2023 at 0.11202609

Smart Scan Analysis for CNYGBP

Based on our trend formula, CNYGBP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CNYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11179759 0.11209747 0.11173344 0.11186917 +0.00007200
Prev. Close Volume Bid Ask Time
0.11179759 2023-12-06 05:17:59
Get a free daily analysis and signals for Chinese Yuan Renminbi/British Pound (CNYGBP) - Request Your Free Report.