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Forex Trend Analysis Report

Prepared for you on Tuesday, September 28, 2021.

British Pound/Mexican Peso (FOREX:GBPMXN)

Weak Downtrend (-65) - GBPMXN is showing signs of a strengthening downtrend. Monitor GBPMXN as it may be building momentum to the downside.

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
27.557300 27.616250 27.389043 27.543250 -0.014050
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term down The long-term trend has been DOWN since Jun 29th, 2021 at 27.380781

intermediate term down The intermediate-term trend has been DOWN since Sep 8th, 2021 at 27.409861

short term up The short-term trend has been UP since Sep 24th, 2021 at 27.548864

Smart Scan Analysis for GBPMXN

Based on our trend formula, GBPMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.557300 27.616250 27.389043 27.543250 -0.014050
Prev. Close Volume Bid Ask Time
27.557300 2021-09-28 18:47:34
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