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Forex Trend Analysis Report

Prepared for you on Wednesday, January 26, 2022.

British Pound/Chinese Yuan Renminbi (FOREX:GBPCNY)

Strong Downtrend (-100) - GBPCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPCNY continues to fall. Traders should use caution and set stops.

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
8.542627 8.546986 8.534456 8.537789 -0.004838
Entry Signal

MarketClub’s Trade Triangles for GBPCNY

long term down The long-term trend has been DOWN since Jun 18th, 2021 at 8.925295

intermediate term down The intermediate-term trend has been DOWN since Jan 24th, 2022 at 8.539856

short term down The short-term trend has been DOWN since Jan 17th, 2022 at 8.675648

Smart Scan Analysis for GBPCNY

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

-100
Smart Scan Analysis for GBPCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.542627 8.546986 8.534456 8.537789 -0.004838
Prev. Close Volume Bid Ask Time
8.542627 2022-01-26 09:28:24
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