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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

Mexican Peso/British Pound (FOREX:MXNGBP)

Strong Downtrend (-100) - MXNGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
0.03409460 0.03417695 0.03384223 0.03404843 -0.00004600
Entry Signal

MarketClub’s Trade Triangles for MXNGBP

long term down The long-term trend has been DOWN since Feb 18th, 2021 at 0.03541309

intermediate term down The intermediate-term trend has been DOWN since Dec 15th, 2020 at 0.03695533

short term down The short-term trend has been DOWN since Mar 3rd, 2021 at 0.03431484

Smart Scan Analysis for MXNGBP

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

-100
Smart Scan Analysis for MXNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03409460 0.03417695 0.03384223 0.03404843 -0.00004600
Prev. Close Volume Bid Ask Time
0.03409460 2021-03-05 09:23:50
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