Forex Trend Analysis Report
Prepared for you on Tuesday, September 28, 2021.
British Pound/Mexican Peso (FOREX:GBPMXN)
Weak Downtrend (-65) - GBPMXN is showing signs of a strengthening downtrend. Monitor GBPMXN as it may be building momentum to the downside.
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 DOWN since Jun 29th, 2021 at 27.380781
The intermediate-term trend has been DOWN since Sep 8th, 2021 at 27.409861
The short-term trend has been UP since Sep 24th, 2021 at 27.548864
Smart Scan Analysis for GBPMXN
Based on our trend formula, GBPMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).