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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)
Sidelines Mode (-55) - CNYGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CNYGBP
The long-term trend has been DOWN since Jun 3rd, 2024 at 0.10796275
The intermediate-term trend has been DOWN since May 15th, 2024 at 0.10938347
The short-term trend has been UP since Jul 23rd, 2024 at 0.10663659
Smart Scan Analysis for CNYGBP
Based on our trend formula, CNYGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10726999 | 0.10735917 | 0.10709921 | 0.10718327 | -0.00008700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10726999 | 2024-07-26 19:49:24 |