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Forex Trend Analysis Report

Prepared for you on Thursday, December 5, 2024.

British Pound/Chinese Yuan Renminbi (FOREX:GBPCNY)

Weak Uptrend (+65) - GBPCNY is showing signs of weakening momentum to the upside. Monitor GBPCNY as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid GBPCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPCNY
Open High Low GBPCNY Price Change
9.235997 9.258082 9.235268 9.240731 +0.004734
Entry Signal

MarketClub’s Trade Triangles for GBPCNY

long term up The long-term trend has been UP since Jun 5th, 2024 at 9.137408

intermediate term down The intermediate-term trend has been DOWN since Nov 14th, 2024 at 9.149593

short term up The short-term trend has been UP since Nov 27th, 2024 at 9.138987

Smart Scan Analysis for GBPCNY

Based on our trend formula, GBPCNY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.235997 9.258082 9.235268 9.240731 +0.004734
Prev. Close Volume Bid Ask Time
9.235997 2024-12-05 05:17:49
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