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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi Offshore/British Pound (FOREX:CNHGBP)
Sidelines Mode (+55) - CNHGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since May 27th, 2024 at 0.10785055
The intermediate-term trend has been UP since Oct 3rd, 2024 at 0.10792336
The short-term trend has been DOWN since Nov 19th, 2024 at 0.10885959
Smart Scan Analysis for CNHGBP
Based on our trend formula, CNHGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10882607 | 0.10888603 | 0.10863331 | 0.10886724 | +0.00004100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10882607 | 2024-11-20 03:47:37 |