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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
Chinese Yuan Renminbi Offshore/British Pound (FOREX:CNHGBP)
Strong Uptrend (+100) - CNHGBP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHGBP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Apr 11th, 2024 at 0.10999709
Smart Scan Analysis for CNHGBP
Based on our trend formula, CNHGBP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.11108945 | 0.11150193 | 0.11065705 | 0.11148723 | +0.00039800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.11108945 | 2024-04-19 17:02:31 |