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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.
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MarketClub’s Trade Triangles for MXNGBP
The long-term trend has been UP since Feb 24th, 2022 at 0.03656401
The intermediate-term trend has been UP since Jul 1st, 2022 at 0.04111108
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).
| 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 |