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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.

FOREX_MXNGBP
Open High Low MXNGBP Price Change
0.0459415 0.0459865 0.0458849 0.0459570 +0.0000150
Entry Signal

MarketClub’s Trade Triangles for MXNGBP

long term down The long-term trend has been DOWN since Oct 5th, 2023 at 0.04505033

intermediate term up The intermediate-term trend has been UP since Nov 1st, 2023 at 0.04597591

short term down 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).

-65
Smart Scan Analysis for MXNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0459415 0.0459865 0.0458849 0.0459570 +0.0000150
Prev. Close Volume Bid Ask Time
0.0459415 2023-11-29 06:01:06
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