Analyze Symbol

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.

FOREX_GBPMXN
Open High Low GBPMXN Price Change
24.72120 24.75130 24.55740 24.65175 -0.06945
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term down The long term trend has been DOWN since Jul 6th, 2018 at 25.28915

intermediate term up The intermediate term trend has been UP since Aug 29th, 2018 at 24.71810

short term down 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).

-65
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.72120 24.75130 24.55740 24.65175 -0.06945
Prev. Close Volume Bid Ask Time
24.72120 24.64600 24.65750 2018-09-19 14:55:45
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