Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
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 Mar 5th, 2020 at 25.73725
The intermediate-term trend has been UP since Feb 25th, 2020 at 24.90000
The short-term trend has been UP since Mar 29th, 2020 at 29.36580
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).