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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.

FOREX_MXNGBP
Open High Low MXNGBP Price Change
0.04666300 0.04667973 0.04665750 0.04667150 +0.00000800
Entry Signal

MarketClub’s Trade Triangles for MXNGBP

long term up The long-term trend has been UP since Dec 1st, 2023 at 0.04779150

intermediate term up The intermediate-term trend has been UP since Feb 5th, 2024 at 0.04666250

short term down 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).

+75
Smart Scan Analysis for MXNGBP
Strong Downtrend Sideways 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
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