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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Mexican Peso/British Pound (FOREX:MXNGBP)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_MXNGBP
Open High Low MXNGBP Price Change
0.040378 0.040383 0.040235 0.040240 -0.000138
Entry Signal

MarketClub’s Trade Triangles for MXNGBP

long term up The long term trend has been UP since Jul 6th, 2018 at 0.039515

intermediate term up The intermediate term trend has been UP since Jun 25th, 2018 at 0.037720

short term down The short term trend has been DOWN since Jul 17th, 2018 at 0.039850

Smart Scan Analysis for MXNGBP

Based on a pre-defined weighted trend formula for chart analysis, MXNGBP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for MXNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.040378 0.040383 0.040235 0.040240 -0.000138
Prev. Close Volume Bid Ask Time
0.040378 0.040230 0.040250 2018-07-18 04:39:13
Want to analyze Mexican Peso/British Pound MXNGBP or another symbol? Try our Free Forex Trend Analysis Report.