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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Mexican Peso/British Pound (FOREX:MXNGBP)
Sidelines Mode (-55) - MXNGBP 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 MXNGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNGBP.
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 MXNGBP
The long-term trend has been DOWN since Apr 18th, 2024 at 0.04544578
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.04755735
The short-term trend has been UP since May 7th, 2024 at 0.04721840
Smart Scan Analysis for MXNGBP
Based on our trend formula, MXNGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04729450 | 0.04742999 | 0.04719753 | 0.04730550 | +0.00001100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04729450 | 2024-05-09 09:14:07 |