Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
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 DOWN since Sep 22nd, 2020 at 8.670109
The intermediate-term trend has been UP since Nov 10th, 2020 at 8.768335
The short-term trend has been UP since Nov 18th, 2020 at 8.714370
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).