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.

Open	High	Low	CNYGBP Price	Change
0.11457794	0.11458923	0.11436652	0.11450021	-0.00007800
Entry Signal

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).

-75

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

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