Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
British Pound/Mexican Peso (FOREX:GBPMXN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPMXN
The long term trend has been DOWN since Jan 15th, 2019 at 24.14425
The intermediate term trend has been UP since Aug 5th, 2019 at 23.95545
The short term trend has been UP since Sep 19th, 2019 at 24.30150
Smart Scan Analysis for GBPMXN
Based on a pre-defined weighted trend formula for chart analysis, GBPMXN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).