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Forex Trend Analysis Report

Prepared for you on Thursday, November 21, 2024.

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

Weak Downtrend (-65) - GBPCNH is showing signs of a strengthening downtrend. Monitor GBPCNH as it may be building momentum to the downside.

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
9.172675 9.173675 9.126390 9.133875 -0.038800
Entry Signal

MarketClub’s Trade Triangles for GBPCNH

long term up The long-term trend has been UP since May 27th, 2024 at 9.271940

intermediate term down The intermediate-term trend has been DOWN since Oct 3rd, 2024 at 9.265685

short term down The short-term trend has been DOWN since Nov 21st, 2024 at 9.137905

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
9.172675 9.173675 9.126390 9.133875 -0.038800
Prev. Close Volume Bid Ask Time
9.172675 2024-11-21 17:05:48
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