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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.

FOREX_MXNGBP
Open High Low MXNGBP Price Change
0.03307200 0.03328200 0.03252200 0.03264881 -0.00042300
Entry Signal

MarketClub’s Trade Triangles for MXNGBP

long term down The long-term trend has been DOWN since Mar 5th, 2020 at 0.0388555

intermediate term down The intermediate-term trend has been DOWN since Feb 25th, 2020 at 0.0401605

short term down 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).

-100
Smart Scan Analysis for MXNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03307200 0.03328200 0.03252200 0.03264881 -0.00042300
Prev. Close Volume Bid Ask Time
0.03307200 0.03264685 0.03265077 2020-04-03 21:28:14
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