Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
British Pound/Chinese Yuan Renminbi (FOREX:GBPCNY)
Sidelines Mode (-55) - GBPCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 25th, 2022 at 8.137559
The short-term trend has been DOWN since Aug 3rd, 2022 at 8.196564
Smart Scan Analysis for GBPCNY
Based on our trend formula, GBPCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).