Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Mexican Peso/British Pound (FOREX:MXNGBP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 MXNGBP
The long term trend has been UP since Jan 15th, 2019 at 0.041420
The intermediate term trend has been UP since Jun 17th, 2019 at 0.041650
The short term trend has been UP since Jul 15th, 2019 at 0.041945
Smart Scan Analysis for MXNGBP
Based on a pre-defined weighted trend formula for chart analysis, MXNGBP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).