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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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

Bear Market Rally (-75) - GBPCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPCNH as it may be in the beginning 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
8.710458 8.722663 8.702330 8.716235 +0.005777
Entry Signal

MarketClub’s Trade Triangles for GBPCNH

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 8.896576

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2020 at 8.701137

short term up The short-term trend has been UP since May 18th, 2020 at 8.702588

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
8.710458 8.722663 8.702330 8.716235 +0.005777
Prev. Close Volume Bid Ask Time
8.710458 8.715090 8.717380 2020-05-25 14:51:04
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