Forex Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
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.
MarketClub’s Trade Triangles for GBPMXN
The long-term trend has been UP since Mar 5th, 2020 at 25.73725
The intermediate-term trend has been UP since Jul 7th, 2020 at 28.60745
The short-term trend has been DOWN since Aug 7th, 2020 at 29.28605
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).