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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

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.

FOREX_CNHGBP
Open High Low CNHGBP Price Change
0.10829039 0.10861307 0.10818179 0.10849965 +0.00020900
Entry Signal

MarketClub’s Trade Triangles for CNHGBP

long term up The long-term trend has been UP since Apr 17th, 2024 at 0.11091135

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 0.10984515

short term down The short-term trend has been DOWN since May 13th, 2024 at 0.11027231

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
0.10829039 0.10861307 0.10818179 0.10849965 +0.00020900
Prev. Close Volume Bid Ask Time
0.10829039 2024-05-23 16:59:43
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