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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

Chinese Yuan Renminbi Offshore/British Pound (FOREX:CNHGBP)

Weak Downtrend (-65) - CNHGBP is showing signs of a strengthening downtrend. Monitor CNHGBP as it may be building momentum to the downside.

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.

FOREX_CNHGBP
Open High Low CNHGBP Price Change
0.11104054 0.11149534 0.11103703 0.11125927 +0.00021900
Entry Signal

MarketClub’s Trade Triangles for CNHGBP

long term down The long-term trend has been DOWN since Jan 27th, 2021 at 0.11230100

intermediate term down The intermediate-term trend has been DOWN since Dec 16th, 2020 at 0.11333956

short term up The short-term trend has been UP since Mar 5th, 2021 at 0.11135659

Smart Scan Analysis for CNHGBP

Based on our trend formula, CNHGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CNHGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11104054 0.11149534 0.11103703 0.11125927 +0.00021900
Prev. Close Volume Bid Ask Time
0.11104054 2021-03-05 07:22:51
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