Forex Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
Mexican Peso/British Pound (FOREX:MXNGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 MXNGBP
The long term trend has been DOWN since Nov 1st, 2018 at 0.038295
The intermediate term trend has been UP since Dec 2nd, 2018 at 0.038845
The short term trend has been UP since Dec 7th, 2018 at 0.038740
Smart Scan Analysis for MXNGBP
Based on a pre-defined weighted trend formula for chart analysis, MXNGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).