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Forex Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

British Pound/Mexican Peso (FOREX:GBPMXN)

Strong Downtrend (-100) - GBPMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPMXN continues to fall. Traders should use caution and set stops.

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.

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FOREX_GBPMXN
Open High Low GBPMXN Price Change
21.829500 21.840600 21.651459 21.714800 -0.114700
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 21.919238

intermediate term down The intermediate-term trend has been DOWN since May 10th, 2023 at 22.258453

short term down The short-term trend has been DOWN since Jun 4th, 2023 at 21.799422

Smart Scan Analysis for GBPMXN

Based on our trend formula, GBPMXN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.829500 21.840600 21.651459 21.714800 -0.114700
Prev. Close Volume Bid Ask Time
21.829500 2023-06-05 20:17:33
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