Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Chinese Yuan Renminbi Offshore/British Pound (FOREX:CNHGBP)
Weak Downtrend (-65) - CNHGBP is showing signs of a strengthening downtrend. Monitor CNHGBP as it may be building momentum to the downside.
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 DOWN since Jan 27th, 2021 at 0.11230100
The intermediate-term trend has been DOWN since Dec 16th, 2020 at 0.11333956
The short-term trend has been UP since Mar 5th, 2021 at 0.11135659
Smart Scan Analysis for CNHGBP
Based on our trend formula, CNHGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).