Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
British Pound/Mexican Peso (FOREX:GBPMXN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.
MarketClub’s Trade Triangles for GBPMXN
The long term trend has been DOWN since Jul 6th, 2018 at 25.28915
The intermediate term trend has been UP since Aug 29th, 2018 at 24.71810
The short term trend has been DOWN since Sep 12th, 2018 at 24.93570
Smart Scan Analysis for GBPMXN
Based on a pre-defined weighted trend formula for chart analysis, GBPMXN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).