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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

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

Long-Term Uptrend (+90) - GBPCNH is in a strong uptrend that is likely to continue. While GBPCNH is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
8.434655 8.435885 8.396975 8.405835 -0.028820
Entry Signal

MarketClub’s Trade Triangles for GBPCNH

long term up The long-term trend has been UP since Oct 25th, 2022 at 8.336720

intermediate term up The intermediate-term trend has been UP since Feb 27th, 2023 at 8.373275

short term up The short-term trend has been UP since Mar 10th, 2023 at 8.372745

Smart Scan Analysis for GBPCNH

Based on our trend formula, GBPCNH is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GBPCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.434655 8.435885 8.396975 8.405835 -0.028820
Prev. Close Volume Bid Ask Time
8.434655 2023-03-21 11:27:58
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