Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
British Pound/Chinese Yuan Renminbi Offshore (FOREX:GBPCNH)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
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 DOWN since Dec 23rd, 2019 at 9.072086
The short term trend has been UP since Jan 21st, 2020 at 9.000367
Smart Scan Analysis for GBPCNH
Based on a pre-defined weighted trend formula for chart analysis, GBPCNH scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).