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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.

FOREX_GBPMXN
Open High Low GBPMXN Price Change
29.50630 29.53290 29.18695 29.20875 -0.29755
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term up The long-term trend has been UP since Mar 5th, 2020 at 25.73725

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2020 at 28.60745

short term down 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).

+75
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.50630 29.53290 29.18695 29.20875 -0.29755
Prev. Close Volume Bid Ask Time
29.50630 29.20450 29.21300 2020-08-07 14:23:42
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