Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
British Pound/Mexican Peso (FOREX:GBPMXN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPMXN
The long term trend has been DOWN since Jan 15th, 2019 at 24.14425
The intermediate term trend has been DOWN since Mar 20th, 2019 at 24.88495
The short term trend has been UP since Mar 22nd, 2019 at 25.32330
Smart Scan Analysis for GBPMXN
Based on a pre-defined weighted trend formula for chart analysis, GBPMXN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).