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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

British Pound/Mexican Peso (FOREX:GBPMXN)

Long-Term Downtrend (-90) - GBPMXN is in a strong downtrend that is likely to continue. While GBPMXN 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 GBPMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPMXN
Open High Low GBPMXN Price Change
24.075977 24.132400 23.986717 24.103600 +0.027623
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term down The long-term trend has been DOWN since Feb 24th, 2022 at 27.349550

intermediate term down The intermediate-term trend has been DOWN since Aug 12th, 2022 at 24.294649

short term down The short-term trend has been DOWN since Aug 4th, 2022 at 24.745819

Smart Scan Analysis for GBPMXN

Based on our trend formula, GBPMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.075977 24.132400 23.986717 24.103600 +0.027623
Prev. Close Volume Bid Ask Time
24.075977 2022-08-15 05:59:17
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