Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
British Pound/Mexican Peso (FOREX:GBPMXN)
Weak Uptrend (+65) - GBPMXN is showing signs of weakening momentum to the upside. Monitor GBPMXN as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for GBPMXN
The long-term trend has been UP since Oct 4th, 2021 at 28.004750
The intermediate-term trend has been UP since Sep 29th, 2021 at 27.640316
The short-term trend has been DOWN since Oct 12th, 2021 at 28.189027
Smart Scan Analysis for GBPMXN
Based on our trend formula, GBPMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).