Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Mexican Peso/British Pound (FOREX:MXNGBP)
Long-Term Downtrend (-90) - MXNGBP is in a strong downtrend that is likely to continue. While MXNGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Feb 18th, 2021 at 0.03541309
The intermediate-term trend has been DOWN since Dec 15th, 2020 at 0.03695533
The short-term trend has been DOWN since Feb 15th, 2021 at 0.03602866
Smart Scan Analysis for MXNGBP
Based on our trend formula, MXNGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).