Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
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.
MarketClub’s Trade Triangles for GBPCNY
The long-term trend has been DOWN since Mar 2nd, 2020 at 8.868483
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 8.840068
The short-term trend has been DOWN since Apr 3rd, 2020 at 8.711721
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).