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Forex Trend Analysis Report

Prepared for you on Monday, February 24, 2020.

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

Weak Uptrend (+65) - GBPCNH is showing signs of weakening momentum to the upside. Monitor 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
9.111323 9.127240 9.067356 9.082230 -0.029093
Entry Signal

MarketClub’s Trade Triangles for GBPCNH

long term up The long-term trend has been UP since Sep 17th, 2019 at 8.853550

intermediate term up The intermediate-term trend has been UP since Jan 31st, 2020 at 9.184535

short term down The short-term trend has been DOWN since Feb 19th, 2020 at 9.076813

Smart Scan Analysis for GBPCNH

Based on our trend formula, GBPCNH is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.111323 9.127240 9.067356 9.082230 -0.029093
Prev. Close Volume Bid Ask Time
9.111323 9.081090 9.083370 2020-02-24 23:19:22
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