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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 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.

FOREX_CNYGBP
Open High Low CNYGBP Price Change
0.11117959 0.11137202 0.11081331 0.11118803 +0.00000800
Entry Signal

MarketClub’s Trade Triangles for CNYGBP

long term down The long-term trend has been DOWN since Jan 10th, 2024 at 0.10932415

intermediate term up The intermediate-term trend has been UP since Apr 1st, 2024 at 0.11081546

short term up 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).

+70
Smart Scan Analysis for CNYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11117959 0.11137202 0.11081331 0.11118803 +0.00000800
Prev. Close Volume Bid Ask Time
0.11117959 2024-04-16 18:15:05
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