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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.

FOREX_GBPMXN
Open High Low GBPMXN Price Change
24.496094 24.496094 24.496094 24.496094 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term down The long-term trend has been DOWN since Feb 5th, 2020 at 24.2011

intermediate term down The intermediate-term trend has been DOWN since Feb 5th, 2020 at 24.2011

short term up 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).

-65
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.496094 24.496094 24.496094 24.496094 0.000000
Prev. Close Volume Bid Ask Time
24.496094 24.490387 24.501801 2020-02-22 03:48:10
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