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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Mexican Peso/British Pound (FOREX:MXNGBP)

Bear Market Rally (-75) - MXNGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNGBP as it may be in the beginning of a reversal.

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
0.04248324 0.04308681 0.04245150 0.04275050 +0.00026700
Entry Signal

MarketClub’s Trade Triangles for MXNGBP

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 0.04544578

intermediate term down The intermediate-term trend has been DOWN since May 28th, 2024 at 0.04663376

short term up The short-term trend has been UP since Jun 14th, 2024 at 0.04286109

Smart Scan Analysis for MXNGBP

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

-75
Smart Scan Analysis for MXNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04248324 0.04308681 0.04245150 0.04275050 +0.00026700
Prev. Close Volume Bid Ask Time
0.04248324 2024-06-18 16:35:20
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