Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, May 29, 2023.

Chinese Yuan Renminbi/British Pound (FOREX:CNYGBP)

Bear Market Rally (-75) - CNYGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYGBP as it may be in the beginning of a reversal.

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
0.11457794 0.11458923 0.11436652 0.11450021 -0.00007800
Entry Signal

MarketClub’s Trade Triangles for CNYGBP

long term down The long-term trend has been DOWN since Oct 25th, 2022 at 0.12025362

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2023 at 0.11960904

short term up The short-term trend has been UP since May 25th, 2023 at 0.11469725

Smart Scan Analysis for CNYGBP

Based on our trend formula, CNYGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CNYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11457794 0.11458923 0.11436652 0.11450021 -0.00007800
Prev. Close Volume Bid Ask Time
0.11457794 2023-05-29 10:32:11
Get a free daily analysis and signals for Chinese Yuan Renminbi/British Pound (CNYGBP) - Request Your Free Report.