Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
British Pound/Chinese Renminbi Yuan (FOREX:GBPCNY)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPCNY
The long term trend has been UP since Sep 14th, 2018 at 8.99815
The intermediate term trend has been DOWN since Oct 26th, 2018 at 8.87610
The short term trend has been DOWN since Nov 15th, 2018 at 8.93905
Smart Scan Analysis for GBPCNY
Based on a pre-defined weighted trend formula for chart analysis, GBPCNY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).