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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
British Pound/Chinese Yuan Renminbi Offshore (FOREX:GBPCNH)
Strong Downtrend (-100) - GBPCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPCNH continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for GBPCNH
The long-term trend has been DOWN since Apr 17th, 2024 at 9.016210
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 9.136005
The short-term trend has been DOWN since Apr 10th, 2024 at 9.139405
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.001920 | 9.036930 | 8.968455 | 8.969640 | -0.032280 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.001920 | 2024-04-19 17:02:31 |