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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.

FOREX_CNHGBP
Open High Low CNHGBP Price Change
0.11457549 0.11457628 0.11372612 0.11394843 -0.00062700
Entry Signal

MarketClub’s Trade Triangles for CNHGBP

long term up The long-term trend has been UP since Sep 2nd, 2020 at 0.10975323

intermediate term down The intermediate-term trend has been DOWN since Nov 10th, 2020 at 0.11404310

short term down 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).

-60
Smart Scan Analysis for CNHGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11457549 0.11457628 0.11372612 0.11394843 -0.00062700
Prev. Close Volume Bid Ask Time
0.11457549 2020-11-23 10:40:46
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