Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
Mexican Peso/British Pound (FOREX:MXNGBP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 UP since Jul 6th, 2018 at 0.039515
The intermediate term trend has been DOWN since Aug 29th, 2018 at 0.040450
The short term trend has been DOWN since Sep 20th, 2018 at 0.040201
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).