Forex Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
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.
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 Jul 7th, 2020 at 0.0349530
The short-term trend has been UP since Aug 7th, 2020 at 0.0341450
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).