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Forex Trend Analysis Report

Prepared for you on Thursday, December 5, 2024.

British Pound/Mexican Peso (FOREX:GBPMXN)

Crossroads (-60) - GBPMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
25.793700 25.846800 25.691100 25.766257 -0.027443
Entry Signal

MarketClub’s Trade Triangles for GBPMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 22.003887

intermediate term down The intermediate-term trend has been DOWN since Nov 18th, 2024 at 25.633700

short term down The short-term trend has been DOWN since Dec 3rd, 2024 at 25.704500

Smart Scan Analysis for GBPMXN

Based on our trend formula, GBPMXN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.793700 25.846800 25.691100 25.766257 -0.027443
Prev. Close Volume Bid Ask Time
25.793700 2024-12-05 14:23:50
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