Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Mexican Peso/British Pound (FOREX:MXNGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
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 DOWN since Aug 5th, 2019 at 0.041745
The short term trend has been DOWN since Sep 13th, 2019 at 0.041285
Smart Scan Analysis for MXNGBP
Based on a pre-defined weighted trend formula for chart analysis, MXNGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).