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Forex Trend Analysis Report

Prepared for you on Sunday, May 9, 2021.

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
8.980305 8.995815 8.956165 8.975640 -0.004665
Entry Signal

MarketClub’s Trade Triangles for GBPCNH

long term up The long-term trend has been UP since Jan 27th, 2021 at 8.90449

intermediate term up The intermediate-term trend has been UP since Mar 29th, 2021 at 9.09427

short term up The short-term trend has been UP since Apr 19th, 2021 at 9.03565

Smart Scan Analysis for GBPCNH

Based on our trend formula, GBPCNH is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.980305 8.995815 8.956165 8.975640 -0.004665
Prev. Close Volume Bid Ask Time
8.980305 2021-05-07 17:13:34
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