Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Chinese Yuan Renminbi Offshore (FOREX:GBPCNH)
Bear Market Rally (-75) - GBPCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPCNH as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for GBPCNH
The long-term trend has been DOWN since Mar 2nd, 2020 at 8.896576
The intermediate-term trend has been DOWN since May 13th, 2020 at 8.701137
The short-term trend has been UP since May 18th, 2020 at 8.702588
Smart Scan Analysis for GBPCNH
Based on our trend formula, GBPCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).