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Forex Trend Analysis Report

Prepared for you on Saturday, February 27, 2021.

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.

FOREX_GBPMXN
Open High Low GBPMXN Price Change
29.266850 29.333985 28.969456 29.068607 -0.198243
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term up The long-term trend has been UP since Feb 18th, 2021 at 28.23855

intermediate term up The intermediate-term trend has been UP since Dec 15th, 2020 at 27.02114

short term up The short-term trend has been UP since Feb 15th, 2021 at 27.75265

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).

+90
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.266850 29.333985 28.969456 29.068607 -0.198243
Prev. Close Volume Bid Ask Time
29.266850 2021-02-26 17:11:51
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