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Forex Trend Analysis Report

Prepared for you on Wednesday, April 21, 2021.

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, SHORTSYMBOL 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.

FOREX_CNYGBP
Open High Low CNYGBP Price Change
0.11047254 0.11080347 0.11040051 0.11061381 +0.00014100
Entry Signal

MarketClub’s Trade Triangles for CNYGBP

long term down The long-term trend has been DOWN since Feb 14th, 2021 at 0.11171564

intermediate term down The intermediate-term trend has been DOWN since Apr 5th, 2021 at 0.10995294

short term down The short-term trend has been DOWN since Apr 18th, 2021 at 0.11085404

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).

-100
Smart Scan Analysis for CNYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11047254 0.11080347 0.11040051 0.11061381 +0.00014100
Prev. Close Volume Bid Ask Time
0.11047254 2021-04-21 18:48:42
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