Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
British Pound/Chinese Yuan Renminbi Offshore (FOREX:GBPCNH)
Bull Market Weakness (+75) - GBPCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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 Jan 27th, 2021 at 8.90449
The intermediate-term trend has been UP since Mar 29th, 2021 at 9.09427
The short-term trend has been UP since Apr 19th, 2021 at 9.03565
Smart Scan Analysis for GBPCNH
Based on our trend formula, GBPCNH is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).