Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2024.
British Pound/Mexican Peso (FOREX:GBPMXN)
Bull Market Weakness (+75) - GBPMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
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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 Sep 15th, 2024 at 25.194212
The short-term trend has been UP since Sep 19th, 2024 at 25.632750
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 25.673400 | 25.877408 | 25.644355 | 25.864674 | +0.191274 |
| Prev. Close | Volume | Bid | Ask | Time |
| 25.673400 | 2024-09-20 03:57:47 |