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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

British Pound/Chinese Yuan Renminbi (FOREX:GBPCNY)

Sidelines Mode (+55) - GBPCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GBPCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPCNY
Open High Low GBPCNY Price Change
9.191114 9.191114 9.001284 9.001284 -0.189830
Entry Signal

MarketClub’s Trade Triangles for GBPCNY

long term up The long-term trend has been UP since Jun 5th, 2024 at 9.137408

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 8.908951

short term down The short-term trend has been DOWN since Jun 16th, 2024 at 9.053527

Smart Scan Analysis for GBPCNY

Based on our trend formula, GBPCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.191114 9.191114 9.001284 9.001284 -0.189830
Prev. Close Volume Bid Ask Time
9.191114 2024-06-16 20:25:16
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