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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Mexican Peso (FOREX:GBPMXN)
Weak Uptrend (+65) - GBPMXN is showing signs of weakening momentum to the upside. Monitor GBPMXN as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMXN.
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 GBPMXN
The long-term trend has been UP since Apr 18th, 2024 at 22.003887
The intermediate-term trend has been UP since Apr 16th, 2024 at 21.039000
The short-term trend has been DOWN since Apr 30th, 2024 at 21.346400
Smart Scan Analysis for GBPMXN
Based on our trend formula, GBPMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.144450 | 21.187011 | 21.083707 | 21.166552 | +0.022102 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.144450 | 2024-05-09 08:49:29 |