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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Mexican Peso/British Pound (FOREX:MXNGBP)
Crossroads (+60) - MXNGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for MXNGBP
The long-term trend has been DOWN since Apr 18th, 2024 at 0.04544578
The intermediate-term trend has been UP since Nov 18th, 2024 at 0.03901083
The short-term trend has been UP since Nov 14th, 2024 at 0.03845982
Smart Scan Analysis for MXNGBP
Based on our trend formula, MXNGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03917800 | 0.03919296 | 0.03907650 | 0.03912584 | -0.00005200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03917800 | 2024-11-20 03:50:58 |