Forex Trend Analysis Report
Prepared for you on Monday, June 18, 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 Apr 25th, 2018 at 26.59270
The intermediate term trend has been UP since Jun 5th, 2018 at 26.92015
The short term trend has been DOWN since Jun 15th, 2018 at 27.38470
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).