Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNYGBP
The long term trend has been DOWN since Sep 13th, 2019 at 0.11328000
The intermediate term trend has been UP since Dec 23rd, 2019 at 0.11021796
The short term trend has been UP since Jan 3rd, 2020 at 0.10949901
Smart Scan Analysis for CNYGBP
Based on a pre-defined weighted trend formula for chart analysis, CNYGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).