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Forex Trend Analysis Report

Prepared for you on Tuesday, January 15, 2019.

British Pound/Mexican Peso (FOREX:GBPMXN)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_GBPMXN
Open High Low GBPMXN Price Change
24.46805 24.49590 24.14210 24.38010 -0.08795
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term down The long term trend has been DOWN since Jan 15th, 2019 at 24.14425

intermediate term down The intermediate term trend has been DOWN since Dec 2nd, 2018 at 25.73900

short term down The short term trend has been DOWN since Jan 15th, 2019 at 24.26660

Smart Scan Analysis for GBPMXN

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

-100
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.46805 24.49590 24.14210 24.38010 -0.08795
Prev. Close Volume Bid Ask Time
24.46805 24.37380 24.38640 2019-01-15 23:03:22
Want to analyze British Pound/Mexican Peso GBPMXN or another symbol? Try our Free Forex Trend Analysis Report.