Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
British Pound/Mexican Peso (FOREX:GBPMXN)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.
MarketClub’s Trade Triangles for GBPMXN
The long term trend has been UP since Sep 21st, 2017 at 24.21685
The intermediate term trend has been UP since Mar 19th, 2018 at 26.27055
The short term trend has been UP since Mar 13th, 2018 at 25.95850
Smart Scan Analysis for GBPMXN
Based on a pre-defined weighted trend formula for chart analysis, GBPMXN scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).