Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
Mexican Peso/British Pound (FOREX:MXNGBP)
Bull Market Weakness (+75) - MXNGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNGBP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MXNGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MXNGBP
The long-term trend has been UP since Dec 1st, 2023 at 0.04779150
The intermediate-term trend has been UP since Feb 5th, 2024 at 0.04666250
The short-term trend has been DOWN since Mar 18th, 2024 at 0.04675177
Smart Scan Analysis for MXNGBP
Based on our trend formula, MXNGBP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.04666300 | 0.04667973 | 0.04665750 | 0.04667150 | +0.00000800 |
Prev. Close | Volume | Bid | Ask | Time |
0.04666300 | 2024-03-19 00:05:48 |