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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
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 UP since Jan 2nd, 2025 at 0.11023341
The intermediate-term trend has been DOWN since Feb 3rd, 2025 at 0.11005653
The short-term trend has been UP since Feb 11th, 2025 at 0.11077264
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 |
|---|---|---|---|---|
| 0.10903841 | 0.10922080 | 0.10881730 | 0.10911968 | +0.00008100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10903841 | 2025-02-21 17:03:11 |