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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Mexican Peso (FOREX:GBPMXN)
Crossroads (-60) - GBPMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for GBPMXN
The long-term trend has been UP since Apr 18th, 2024 at 22.003887
The intermediate-term trend has been DOWN since Nov 18th, 2024 at 25.633700
The short-term trend has been DOWN since Nov 14th, 2024 at 26.001201
Smart Scan Analysis for GBPMXN
Based on our trend formula, GBPMXN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 25.524200 | 25.587250 | 25.516231 | 25.554306 | +0.030106 |
| Prev. Close | Volume | Bid | Ask | Time |
| 25.524200 | 2024-11-20 03:52:10 |