Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/Chinese Yuan Renminbi (FOREX:GBPCNY)
Bull Market Weakness (+75) - GBPCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
MarketClub’s Trade Triangles for GBPCNY
The long-term trend has been DOWN since Sep 22nd, 2020 at 8.672543
The intermediate-term trend has been UP since Nov 10th, 2020 at 8.770043
The short-term trend has been UP since Nov 30th, 2020 at 8.806187
Smart Scan Analysis for GBPCNY
Based on our trend formula, GBPCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).