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Forex Trend Analysis Report

Prepared for you on Sunday, November 29, 2020.

British Pound/Mexican Peso (FOREX:GBPMXN)

Bear Market Rally (-75) - GBPMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMXN as it may be in the beginning of a reversal.

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
26.666226 26.666226 26.666226 26.666226 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term down The long-term trend has been DOWN since Sep 14th, 2020 at 27.06170

intermediate term up The intermediate-term trend has been UP since Nov 4th, 2020 at 27.91570

short term down The short-term trend has been DOWN since Nov 27th, 2020 at 26.66265

Smart Scan Analysis for GBPMXN

Based on our trend formula, GBPMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
26.666226 26.666226 26.666226 26.666226 0.000000
Prev. Close Volume Bid Ask Time
26.666226 2020-11-29 12:08:31
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