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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

Mexican Peso/British Pound (FOREX:MXNGBP)

Weak Downtrend (-65) - MXNGBP is showing signs of a strengthening downtrend. Monitor MXNGBP as it may be building momentum to the downside.

Is it time to buy, sell, or avoid MXNGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNGBP
Open High Low MXNGBP Price Change
0.04336132 0.04345908 0.04267516 0.04329730 -0.00006400
Entry Signal

MarketClub’s Trade Triangles for MXNGBP

long term up The long-term trend has been UP since Mar 1st, 2023 at 0.04562168

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2023 at 0.04469949

short term down The short-term trend has been DOWN since Mar 9th, 2023 at 0.04604889

Smart Scan Analysis for MXNGBP

Based on our trend formula, MXNGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MXNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04336132 0.04345908 0.04267516 0.04329730 -0.00006400
Prev. Close Volume Bid Ask Time
0.04336132 2023-03-20 18:51:28
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