Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
British Pound/Mexican Peso (FOREX:GBPMXN)
Long-Term Uptrend (+90) - GBPMXN is in a strong uptrend that is likely to continue. While GBPMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for GBPMXN
The long-term trend has been UP since Feb 18th, 2021 at 28.23855
The intermediate-term trend has been UP since Dec 15th, 2020 at 27.02114
The short-term trend has been UP since Feb 15th, 2021 at 27.75265
Smart Scan Analysis for GBPMXN
Based on our trend formula, GBPMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).