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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

British Pound/Mexican Peso (FOREX:GBPMXN)

Bear Market Rally (-75) - GBPMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMXN as it may be in the beginning 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
24.067850 24.273094 23.995619 24.023100 -0.044750
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term down The long-term trend has been DOWN since Feb 24th, 2022 at 27.349550

intermediate term down The intermediate-term trend has been DOWN since Aug 12th, 2022 at 24.294649

short term up The short-term trend has been UP since Aug 17th, 2022 at 24.199358

Smart Scan Analysis for GBPMXN

Based on our trend formula, GBPMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.067850 24.273094 23.995619 24.023100 -0.044750
Prev. Close Volume Bid Ask Time
24.067850 2022-08-18 22:49:46
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