Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
British Pound/Chinese Yuan Renminbi Offshore (FOREX:GBPCNH)
Weak Uptrend (+65) - GBPCNH is showing signs of weakening momentum to the upside. Monitor GBPCNH as it may be in the beginning stages 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 UP since Sep 17th, 2019 at 8.853550
The intermediate-term trend has been UP since Jan 31st, 2020 at 9.184535
The short-term trend has been DOWN since Feb 19th, 2020 at 9.076813
Smart Scan Analysis for GBPCNH
Based on our trend formula, GBPCNH is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).