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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

British Pound/Mexican Peso (FOREX:GBPMXN)

Bull Market Weakness (+75) - GBPMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMXN as it may be in the beginning stages of a reversal.

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
22.960150 23.143405 22.939591 23.079700 +0.119550
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 22.003887

intermediate term down The intermediate-term trend has been DOWN since Jul 14th, 2024 at 22.663819

short term up The short-term trend has been UP since Jul 15th, 2024 at 23.093002

Smart Scan Analysis for GBPMXN

Based on our trend formula, GBPMXN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.960150 23.143405 22.939591 23.079700 +0.119550
Prev. Close Volume Bid Ask Time
22.960150 2024-07-15 04:42:10
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