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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Mexican Peso/British Pound (FOREX:MXNGBP)
Long-Term Downtrend (-90) - MXNGBP is in a strong downtrend that is likely to continue. While MXNGBP is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for MXNGBP
The long-term trend has been DOWN since Apr 18th, 2024 at 0.04544578
The intermediate-term trend has been DOWN since Jul 22nd, 2024 at 0.04273401
The short-term trend has been DOWN since Jul 15th, 2024 at 0.04330319
Smart Scan Analysis for MXNGBP
Based on our trend formula, MXNGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04220600 | 0.04245350 | 0.04202400 | 0.04209468 | -0.00011100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04220600 | 2024-07-26 17:00:42 |