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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

British Pound/Chinese Yuan Renminbi (FOREX:GBPCNY)

Weak Downtrend (-65) - GBPCNY is showing signs of a strengthening downtrend. Monitor GBPCNY as it may be building momentum to the downside.

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
8.969235 8.981394 8.967635 8.967635 -0.001600
Entry Signal

MarketClub’s Trade Triangles for GBPCNY

long term up The long-term trend has been UP since Jan 10th, 2024 at 9.083284

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 8.977504

short term down The short-term trend has been DOWN since Mar 21st, 2024 at 8.998708

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
8.969235 8.981394 8.967635 8.967635 -0.001600
Prev. Close Volume Bid Ask Time
8.969235 2024-03-29 06:00:00
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