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Forex Trend Analysis Report

Prepared for you on Thursday, November 15, 2018.

British Pound/Mexican Peso (FOREX:GBPMXN)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low GBPMXN Price Change
26.47950 26.50840 25.75365 25.94500 -0.53450
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term up The long term trend has been UP since Nov 1st, 2018 at 26.1061

intermediate term up The intermediate term trend has been UP since Oct 10th, 2018 at 25.0849

short term down The short term trend has been DOWN since Nov 15th, 2018 at 25.9611

Smart Scan Analysis for GBPMXN

Based on a pre-defined weighted trend formula for chart analysis, GBPMXN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
26.47950 26.50840 25.75365 25.94500 -0.53450
Prev. Close Volume Bid Ask Time
26.47950 25.93890 25.95110 2018-11-15 22:36:48
Want to analyze British Pound/Mexican Peso GBPMXN or another symbol? Try our Free Forex Trend Analysis Report.