Forex Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
British Pound/Chinese Yuan Renminbi Offshore (FOREX:GBPCNH)
Strong Uptrend (+100) - GBPCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPCNH continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 May 11th, 2021 at 9.108815
The short-term trend has been UP since May 10th, 2021 at 9.023700
Smart Scan Analysis for GBPCNH
Based on our trend formula, GBPCNH is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).