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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi Offshore/British Pound (FOREX:CNHGBP)
Long-Term Uptrend (+90) - CNHGBP is in a strong uptrend that is likely to continue. While CNHGBP 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 CNHGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHGBP.
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 CNHGBP
The long-term trend has been UP since Apr 17th, 2024 at 0.11091135
The intermediate-term trend has been UP since Apr 1st, 2024 at 0.10945673
The short-term trend has been UP since May 8th, 2024 at 0.11079633
Smart Scan Analysis for CNHGBP
Based on our trend formula, CNHGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.11070507 | 0.11106780 | 0.11057311 | 0.11064609 | -0.00005900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.11070507 | 2024-05-09 11:33:09 |