Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

British Pound/Chinese Yuan Renminbi Offshore (FOREX:GBPCNH)

Countertrend Up (+85) - GBPCNH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_GBPCNH
Open High Low GBPCNH Price Change
9.005705 9.011245 8.968920 9.009975 +0.004270
Entry Signal

MarketClub’s Trade Triangles for GBPCNH

long term up The long-term trend has been UP since Jan 27th, 2021 at 8.904490

intermediate term up The intermediate-term trend has been UP since Dec 16th, 2020 at 8.823080

short term down The short-term trend has been DOWN since Mar 2nd, 2021 at 8.993565

Smart Scan Analysis for GBPCNH

Based on our trend formula, GBPCNH is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.005705 9.011245 8.968920 9.009975 +0.004270
Prev. Close Volume Bid Ask Time
9.005705 2021-03-05 09:28:07
Get a free daily analysis and signals for British Pound/Chinese Yuan Renminbi Offshore (GBPCNH) - Request Your Free Report.