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Forex Trend Analysis Report

Prepared for you on Wednesday, December 6, 2023.

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

Sidelines Mode (-55) - GBPCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
9.035460 9.036025 9.032870 9.032930 -0.002530
Entry Signal

MarketClub’s Trade Triangles for GBPCNH

long term down The long-term trend has been DOWN since Oct 2nd, 2023 at 8.862395

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 9.001170

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 9.020585

Smart Scan Analysis for GBPCNH

Based on our trend formula, GBPCNH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.035460 9.036025 9.032870 9.032930 -0.002530
Prev. Close Volume Bid Ask Time
9.035460 2023-12-06 00:16:13
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