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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

British Pound/Mexican Peso (FOREX:GBPMXN)

Countertrend Down (-85) - GBPMXN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_GBPMXN
Open High Low GBPMXN Price Change
21.430150 21.436958 21.395750 21.410850 -0.019300
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 20.923639

intermediate term down The intermediate-term trend has been DOWN since Feb 5th, 2024 at 21.429900

short term up The short-term trend has been UP since Mar 18th, 2024 at 21.389583

Smart Scan Analysis for GBPMXN

Based on our trend formula, GBPMXN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.430150 21.436958 21.395750 21.410850 -0.019300
Prev. Close Volume Bid Ask Time
21.430150 2024-03-19 03:31:49
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