Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
British Pound/Chinese Yuan Renminbi (FOREX:GBPCNY)
Bear Market Rally (-75) - GBPCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPCNY as it may be in the beginning 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 Mar 2nd, 2020 at 8.868483
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 8.840068
The short-term trend has been DOWN since Apr 3rd, 2020 at 8.711721
Smart Scan Analysis for GBPCNY
Based on our trend formula, GBPCNY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).