Forex Trend Analysis Report
Prepared for you on Monday, November 23, 2020.
Chinese Yuan Renminbi Offshore/British Pound (FOREX:CNHGBP)
Crossroads (-60) - CNHGBP is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for CNHGBP
The long-term trend has been UP since Sep 2nd, 2020 at 0.10975323
The intermediate-term trend has been DOWN since Nov 10th, 2020 at 0.11404310
The short-term trend has been DOWN since Nov 18th, 2020 at 0.11475227
Smart Scan Analysis for CNHGBP
Based on our trend formula, CNHGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).