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.
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MarketClub’s Trade Triangles for GBPCNY
The long-term trend has been UP since Jan 10th, 2024 at 9.083284
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 8.977504
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).
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 |