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Forex Trend Analysis Report

Prepared for you on Monday, July 4, 2022.

Mexican Peso/British Pound (FOREX:MXNGBP)

Countertrend Up (+85) - MXNGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.04069816 0.04077113 0.04048950 0.04074250 +0.00004400
Entry Signal

MarketClub’s Trade Triangles for MXNGBP

long term up The long-term trend has been UP since Feb 24th, 2022 at 0.03656401

intermediate term up The intermediate-term trend has been UP since Jul 1st, 2022 at 0.04111108

short term down The short-term trend has been DOWN since Jul 4th, 2022 at 0.04060850

Smart Scan Analysis for MXNGBP

Based on our trend formula, MXNGBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for MXNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04069816 0.04077113 0.04048950 0.04074250 +0.00004400
Prev. Close Volume Bid Ask Time
0.04069816 2022-07-04 22:31:04
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