Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
British Pound/Chinese Yuan Renminbi Offshore (FOREX:GBPCNH)
Sidelines Mode (-55) - GBPCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for GBPCNH
The long-term trend has been DOWN since Apr 17th, 2024 at 9.016210
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 9.136005
The short-term trend has been UP since Apr 23rd, 2024 at 9.036930
Smart Scan Analysis for GBPCNH
Based on our trend formula, GBPCNH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
9.05581 | 9.09690 | 9.05574 | 9.09023 | +0.03442 |
Prev. Close | Volume | Bid | Ask | Time |
9.05581 | 2024-04-25 06:13:01 |