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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

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.

FOREX_CNHGBP
Open High Low CNHGBP Price Change
0.12295503 0.12394200 0.12293568 0.12378015 +0.00082500
Entry Signal

MarketClub’s Trade Triangles for CNHGBP

long term up The long-term trend has been UP since Jun 18th, 2021 at 0.11205455

intermediate term up The intermediate-term trend has been UP since Aug 19th, 2022 at 0.12372310

short term up The short-term trend has been UP since Aug 18th, 2022 at 0.12237655

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).

+100
Smart Scan Analysis for CNHGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12295503 0.12394200 0.12293568 0.12378015 +0.00082500
Prev. Close Volume Bid Ask Time
0.12295503 2022-08-19 15:21:37
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