Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

British Pound/Chinese Yuan Renminbi (FOREX:GBPCNY)

Countertrend Down (-85) - GBPCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
8.785778 8.831589 8.781552 8.789909 +0.004131
Entry Signal

MarketClub’s Trade Triangles for GBPCNY

long term down The long-term trend has been DOWN since Jun 18th, 2021 at 8.925295

intermediate term down The intermediate-term trend has been DOWN since Aug 17th, 2021 at 8.910550

short term up The short-term trend has been UP since Oct 26th, 2021 at 8.829745

Smart Scan Analysis for GBPCNY

Based on our trend formula, GBPCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.785778 8.831589 8.781552 8.789909 +0.004131
Prev. Close Volume Bid Ask Time
8.785778 2021-10-26 14:42:04
Get a free daily analysis and signals for British Pound/Chinese Yuan Renminbi (GBPCNY) - Request Your Free Report.