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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.

Open High Low GBPMXN Price Change
27.48860 27.50010 27.16995 27.28735 -0.20125
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term up The long term trend has been UP since Apr 25th, 2018 at 26.59270

intermediate term up The intermediate term trend has been UP since Jun 5th, 2018 at 26.92015

short term down 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).

Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.48860 27.50010 27.16995 27.28735 -0.20125
Prev. Close Volume Bid Ask Time
27.48860 27.27930 27.29540 2018-06-18 22:44:05
Want to analyze British Pound/Mexican Peso GBPMXN or another symbol? Try our Free Forex Trend Analysis Report.