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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
British Pound/Mexican Peso (FOREX:GBPMXN)
Long-Term Uptrend (+90) - GBPMXN is in a strong uptrend that is likely to continue. While GBPMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for GBPMXN
The long-term trend has been UP since Apr 18th, 2024 at 22.003887
The intermediate-term trend has been UP since Apr 16th, 2024 at 21.039000
The short-term trend has been UP since Apr 24th, 2024 at 21.271850
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.290222 | 21.636874 | 21.278683 | 21.516600 | +0.226378 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.290222 | 2024-04-25 22:33:54 |