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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
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.
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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 UP since Oct 3rd, 2024 at 0.10792336
The short-term trend has been UP since Nov 21st, 2024 at 0.10943697
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10955987 | 0.10958700 | 0.10955873 | 0.10958460 | +0.00002500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10955987 | 2024-11-22 00:07:37 |