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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
British Pound/Chinese Yuan Renminbi (FOREX:GBPCNY)
Sidelines Mode (+50) - GBPCNY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPCNY can gain momentum.
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.
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MarketClub’s Trade Triangles for GBPCNY
The long-term trend has been DOWN since Apr 14th, 2025 at 8.816645
The intermediate-term trend has been UP since Apr 20th, 2025 at 9.765719
The short-term trend has been UP since May 6th, 2025 at 9.696954
Smart Scan Analysis for GBPCNY
Based on our trend formula, GBPCNY is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.563223 | 9.597330 | 9.556140 | 9.592170 | +0.028947 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.563223 | 2025-05-09 08:06:06 |