Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
British Pound/Chinese Yuan Renminbi Offshore (FOREX:GBPCNH)
Long-Term Uptrend (+90) - GBPCNH is in a strong uptrend that is likely to continue. While GBPCNH is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Oct 25th, 2022 at 8.336720
The intermediate-term trend has been UP since Feb 27th, 2023 at 8.373275
The short-term trend has been UP since Mar 10th, 2023 at 8.372745
Smart Scan Analysis for GBPCNH
Based on our trend formula, GBPCNH is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.434655 | 8.435885 | 8.396975 | 8.405835 | -0.028820 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.434655 | 2023-03-21 11:27:58 |