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Forex Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)

Long-Term Uptrend (+90) - CNYGBP is in a strong uptrend that is likely to continue. While CNYGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.11735232 0.11763110 0.11713162 0.11728212 -0.00007000
Entry Signal

MarketClub’s Trade Triangles for CNYGBP

long term up The long-term trend has been UP since Jun 18th, 2021 at 0.11206643

intermediate term up The intermediate-term trend has been UP since Jan 24th, 2022 at 0.11690059

short term up The short-term trend has been UP since Jan 17th, 2022 at 0.11520941

Smart Scan Analysis for CNYGBP

Based on our trend formula, CNYGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11735232 0.11763110 0.11713162 0.11728212 -0.00007000
Prev. Close Volume Bid Ask Time
0.11735232 2022-01-28 10:39:00
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