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.
MarketClub’s Trade Triangles for CNYGBP
The long-term trend has been DOWN since Feb 14th, 2021 at 0.11171564
The intermediate-term trend has been DOWN since Apr 5th, 2021 at 0.10995294
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).