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.
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 27th, 2021 at 9.006233
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).