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Forex Trend Analysis Report

Prepared for you on Saturday, January 29, 2022.

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

Long-Term Downtrend (-90) - GBPCNH is in a strong downtrend that is likely to continue. While GBPCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid GBPCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPCNH
Open High Low GBPCNH Price Change
8.52844 8.54776 8.51164 8.53525 +0.00681
Entry Signal

MarketClub’s Trade Triangles for GBPCNH

long term down The long-term trend has been DOWN since Jun 18th, 2021 at 8.923825

intermediate term down The intermediate-term trend has been DOWN since Jan 24th, 2022 at 8.562140

short term down The short-term trend has been DOWN since Jan 17th, 2022 at 8.682715

Smart Scan Analysis for GBPCNH

Based on our trend formula, GBPCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.52844 8.54776 8.51164 8.53525 +0.00681
Prev. Close Volume Bid Ask Time
8.52844 2022-01-28 17:01:17
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