Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Mexican Peso/British Pound (FOREX:MXNGBP)
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.
MarketClub’s Trade Triangles for MXNGBP
The long term trend has been DOWN since Apr 25th, 2018 at 0.037605
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 0.038170
The short term trend has been UP since May 22nd, 2018 at 0.037670
Smart Scan Analysis for MXNGBP
Based on a pre-defined weighted trend formula for chart analysis, MXNGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).