Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

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

Long-Term Downtrend (-90) - CNHGBP is in a strong downtrend that is likely to continue. While CNHGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.10767317 0.10790047 0.10750405 0.10779039 +0.00011700
Entry Signal

MarketClub’s Trade Triangles for CNHGBP

long term down The long-term trend has been DOWN since May 27th, 2024 at 0.10785055

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 0.10984515

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 0.10785625

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).

-90
Smart Scan Analysis for CNHGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10767317 0.10790047 0.10750405 0.10779039 +0.00011700
Prev. Close Volume Bid Ask Time
0.10767317 2024-06-13 11:52:05
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/British Pound (CNHGBP) - Request Your Free Report.