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.
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 DOWN since Mar 1st, 2023 at 21.919238
The intermediate-term trend has been DOWN since May 10th, 2023 at 22.258453
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).