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Forex Trend Analysis Report

Prepared for you on Sunday, August 1, 2021.

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.

FOREX_GBPCNY
Open High Low GBPCNY Price Change
8.981084 8.981084 8.981084 8.981084 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPCNY

long term down The long-term trend has been DOWN since Jun 18th, 2021 at 8.925295

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2021 at 9.006233

short term up The short-term trend has been UP since Jul 22nd, 2021 at 8.915171

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).

+60
Smart Scan Analysis for GBPCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.981084 8.981084 8.981084 8.981084 0.000000
Prev. Close Volume Bid Ask Time
8.981084 2021-07-31 20:57:52
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