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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
British Pound/Mexican Peso (FOREX:GBPMXN)
Sidelines Mode (-50) - GBPMXN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPMXN can gain momentum.
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 DOWN since Sep 15th, 2024 at 25.194212
The short-term trend has been DOWN since Oct 22nd, 2024 at 25.648383
Smart Scan Analysis for GBPMXN
Based on our trend formula, GBPMXN is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 25.718500 | 25.970151 | 25.683704 | 25.902145 | +0.183645 |
| Prev. Close | Volume | Bid | Ask | Time |
| 25.718500 | 2024-10-25 17:06:23 |