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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

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

Strong Uptrend (+100) - GBPCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPCNH continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
9.392185 9.447690 9.388545 9.446005 +0.053820
Entry Signal

MarketClub’s Trade Triangles for GBPCNH

long term up The long-term trend has been UP since May 27th, 2024 at 9.27194

intermediate term up The intermediate-term trend has been UP since Jul 5th, 2024 at 9.32930

short term up The short-term trend has been UP since Jun 25th, 2024 at 9.24662

Smart Scan Analysis for GBPCNH

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

+100
Smart Scan Analysis for GBPCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.392185 9.447690 9.388545 9.446005 +0.053820
Prev. Close Volume Bid Ask Time
9.392185 2024-07-12 17:00:04
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