Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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.

Open	High	Low	CNHGBP Price	Change
0.10717086	0.10724528	0.10692706	0.10699227	-0.00017900
Entry Signal

MarketClub’s Trade Triangles for CNHGBP

The long-term trend has been DOWN since May 27th, 2024 at 0.10785055

The intermediate-term trend has been DOWN since Jul 5th, 2024 at 0.10718659

The short-term trend has been UP since Jul 18th, 2024 at 0.10607767

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).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.10717086	0.10724528	0.10692706	0.10699227	-0.00017900
Prev. Close	Volume	Bid	Ask	Time
0.10717086				2024-07-26 16:59:57

Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/British Pound (CNHGBP) - Request Your Free Report.