Free Daily Analysis

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.

FOREX_GBPCNY
Open High Low GBPCNY Price Change
8.685302 8.728263 8.667555 8.696396 +0.011094
Entry Signal

MarketClub’s Trade Triangles for GBPCNY

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 8.868483

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2020 at 8.840068

short term down 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).

-70
Smart Scan Analysis for GBPCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.685302 8.728263 8.667555 8.696396 +0.011094
Prev. Close Volume Bid Ask Time
8.685302 8.685076 8.707715 2020-04-07 16:10:55
Get a free daily analysis and signals for British Pound/Chinese Yuan Renminbi (GBPCNY) - Request Your Free Report.