Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Mexican Peso/British Pound (FOREX:MXNGBP)
Weak Downtrend (-65) - MXNGBP is showing signs of a strengthening downtrend. Monitor MXNGBP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MXNGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNGBP
The long-term trend has been DOWN since Oct 5th, 2023 at 0.04505033
The intermediate-term trend has been UP since Nov 1st, 2023 at 0.04597591
The short-term trend has been DOWN since Nov 21st, 2023 at 0.04651450
Smart Scan Analysis for MXNGBP
Based on our trend formula, MXNGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).