Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
British Pound/Chinese Renminbi Yuan (FOREX:GBPCNY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since May 1st, 2018 at 8.67475
The intermediate term trend has been UP since Jun 21st, 2018 at 8.61060
The short term trend has been UP since Jul 11th, 2018 at 8.85615
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).