Forex Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
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.
MarketClub’s Trade Triangles for CNYGBP
The long-term trend has been DOWN since Jul 28th, 2020 at 0.11064896
The intermediate-term trend has been UP since Sep 4th, 2020 at 0.11070528
The short-term trend has been UP since Sep 2nd, 2020 at 0.10974711
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).