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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

Chinese Yuan Renminbi Offshore/British Pound (FOREX:CNHGBP)

Bull Market Weakness (+75) - CNHGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHGBP as it may be in the beginning stages of a reversal.

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
0.11374138 0.11397291 0.11369741 0.11376209 +0.00002100
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 Sep 20th, 2021 at 0.11275527

short term up The short-term trend has been UP since Oct 19th, 2021 at 0.11367195

Smart Scan Analysis for CNHGBP

Based on our trend formula, CNHGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CNHGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11374138 0.11397291 0.11369741 0.11376209 +0.00002100
Prev. Close Volume Bid Ask Time
0.11374138 2021-10-25 14:55:48
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