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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

British Pound/Mexican Peso (FOREX:GBPMXN)

Strong Uptrend (+100) - GBPMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPMXN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid GBPMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPMXN
Open High Low GBPMXN Price Change
21.100731 21.315300 21.026298 21.283300 +0.182569
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 22.003887

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 21.039000

short term up The short-term trend has been UP since Apr 24th, 2024 at 21.271850

Smart Scan Analysis for GBPMXN

Based on our trend formula, GBPMXN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.100731 21.315300 21.026298 21.283300 +0.182569
Prev. Close Volume Bid Ask Time
21.100731 2024-04-24 19:41:53
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