Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
Mexican Peso/British Pound (FOREX:MXNGBP)
Strong Downtrend (-100) - MXNGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Mar 5th, 2020 at 0.0388555
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 0.0401605
The short-term trend has been DOWN since Mar 29th, 2020 at 0.0340480
Smart Scan Analysis for MXNGBP
Based on our trend formula, MXNGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).