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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Chinese Yuan Renminbi (FOREX:GBPCNY)
Sidelines Mode (+55) - GBPCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Jun 5th, 2024 at 9.137408
The intermediate-term trend has been UP since May 6th, 2024 at 8.908951
The short-term trend has been DOWN since Jul 23rd, 2024 at 9.377645
Smart Scan Analysis for GBPCNY
Based on our trend formula, GBPCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.322272 | 9.337138 | 9.314528 | 9.329815 | +0.007543 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.322272 | 2024-07-26 19:26:34 |