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.
MarketClub’s Trade Triangles for GBPMXN
The long term trend has been UP since Nov 1st, 2018 at 26.1061
The intermediate term trend has been UP since Oct 10th, 2018 at 25.0849
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).