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.
MarketClub’s Trade Triangles for GBPCNY
The long-term trend has been DOWN since Jun 18th, 2021 at 8.925295
The intermediate-term trend has been DOWN since Aug 17th, 2021 at 8.910550
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).