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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

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
8.766405 8.800785 8.764990 8.785485 +0.019080
Entry Signal

MarketClub’s Trade Triangles for GBPCNH

long term down The long-term trend has been DOWN since Sep 22nd, 2020 at 8.670109

intermediate term up The intermediate-term trend has been UP since Nov 10th, 2020 at 8.768335

short term up The short-term trend has been UP since Nov 18th, 2020 at 8.714370

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
8.766405 8.800785 8.764990 8.785485 +0.019080
Prev. Close Volume Bid Ask Time
8.766405 2020-11-24 21:59:27
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