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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

British Pound/Mexican Peso (FOREX:GBPMXN)

Weak Uptrend (+65) - GBPMXN is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_GBPMXN
Open High Low GBPMXN Price Change
27.960059 27.982703 27.720550 27.765068 -0.194991
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term up The long-term trend has been UP since Oct 4th, 2021 at 28.004750

intermediate term up The intermediate-term trend has been UP since Sep 29th, 2021 at 27.640316

short term down The short-term trend has been DOWN since Oct 12th, 2021 at 28.189027

Smart Scan Analysis for GBPMXN

Based on our trend formula, GBPMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.960059 27.982703 27.720550 27.765068 -0.194991
Prev. Close Volume Bid Ask Time
27.960059 2021-10-22 17:01:08
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