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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.

FOREX_GBPMXN
Open High Low GBPMXN Price Change
31.28545 31.52585 30.60970 30.64615 -0.63930
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term up The long-term trend has been UP since Mar 5th, 2020 at 25.73725

intermediate term up The intermediate-term trend has been UP since Feb 25th, 2020 at 24.90000

short term up 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).

+90
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.28545 31.52585 30.60970 30.64615 -0.63930
Prev. Close Volume Bid Ask Time
31.28545 30.63700 30.65530 2020-04-06 09:09:38
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