Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
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.
MarketClub’s Trade Triangles for GBPMXN
The long-term trend has been DOWN since Feb 5th, 2020 at 24.2011
The intermediate-term trend has been DOWN since Feb 5th, 2020 at 24.2011
The short-term trend has been UP since Feb 20th, 2020 at 24.3208
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).