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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.

FOREX_GBPCNY
Open High Low GBPCNY Price Change
8.792580 8.830740 8.764803 8.819395 +0.026815
Entry Signal

MarketClub’s Trade Triangles for GBPCNY

long term down The long-term trend has been DOWN since Sep 22nd, 2020 at 8.672543

intermediate term up The intermediate-term trend has been UP since Nov 10th, 2020 at 8.770043

short term up 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).

+70
Smart Scan Analysis for GBPCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.792580 8.830740 8.764803 8.819395 +0.026815
Prev. Close Volume Bid Ask Time
8.792580 2020-12-04 09:25:39
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