Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Chinese Yuan Renminbi Offshore/British Pound (FOREX:CNHGBP)
Bull Market Weakness (+75) - CNHGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHGBP as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for CNHGBP
The long-term trend has been UP since Jun 18th, 2021 at 0.11205455
The intermediate-term trend has been UP since Sep 20th, 2021 at 0.11275527
The short-term trend has been UP since Oct 19th, 2021 at 0.11367195
Smart Scan Analysis for CNHGBP
Based on our trend formula, CNHGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).