Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Chinese Yuan Renminbi Offshore/British Pound (FOREX:CNHGBP)
Countertrend Up (+85) - CNHGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for CNHGBP
The long-term trend has been UP since Apr 17th, 2024 at 0.11091135
The intermediate-term trend has been UP since Apr 1st, 2024 at 0.10945673
The short-term trend has been DOWN since Apr 23rd, 2024 at 0.11065705
Smart Scan Analysis for CNHGBP
Based on our trend formula, CNHGBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.11042635 | 0.11042635 | 0.10992756 | 0.11030235 | -0.00012400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.11042635 | 2024-04-25 09:01:05 |