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.
MarketClub’s Trade Triangles for CNYGBP
The long-term trend has been DOWN since Oct 25th, 2022 at 0.12025362
The intermediate-term trend has been DOWN since Feb 27th, 2023 at 0.11960904
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).