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.
MarketClub’s Trade Triangles for GBPCNH
The long-term trend has been UP since Jan 27th, 2021 at 8.904490
The intermediate-term trend has been UP since Dec 16th, 2020 at 8.823080
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).