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Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/Chinese Yuan Renminbi (FOREX:GBPCNY)
Crossroads (+60) - GBPCNY is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for GBPCNY
The long-term trend has been DOWN since Sep 22nd, 2020 at 8.672543
The intermediate-term trend has been UP since Nov 10th, 2020 at 8.770043
The short-term trend has been UP since Nov 30th, 2020 at 8.806187
Smart Scan Analysis for GBPCNY
Based on our trend formula, GBPCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.792580 | 8.841447 | 8.764803 | 8.800675 | +0.008095 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.792580 | 2020-12-04 12:30:46 |