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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)

Weak Downtrend (-65) - CNYGBP is showing signs of a strengthening downtrend. Monitor CNYGBP as it may be building momentum to the downside.

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
0.10959907 0.10990373 0.10952269 0.10960339 +0.00000400
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 down The intermediate-term trend has been DOWN since Feb 22nd, 2024 at 0.10951419

short term up The short-term trend has been UP since Mar 28th, 2024 at 0.10975888

Smart Scan Analysis for CNYGBP

Based on our trend formula, CNYGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CNYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10959907 0.10990373 0.10952269 0.10960339 +0.00000400
Prev. Close Volume Bid Ask Time
0.10959907 2024-03-28 08:43:48
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