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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

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

Bull Market Weakness (+75) - GBPCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPCNH as it may be in the beginning stages of a reversal.

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
9.259940 9.264015 9.248715 9.259205 -0.000735
Entry Signal

MarketClub’s Trade Triangles for GBPCNH

long term up The long-term trend has been UP since May 27th, 2024 at 9.271940

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2024 at 9.206880

short term up The short-term trend has been UP since Jun 19th, 2024 at 9.249945

Smart Scan Analysis for GBPCNH

Based on our trend formula, GBPCNH is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.259940 9.264015 9.248715 9.259205 -0.000735
Prev. Close Volume Bid Ask Time
9.259940 2024-06-20 06:13:40
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