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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2019.

Mexican Peso/British Pound (FOREX:MXNGBP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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.

Open High Low MXNGBP Price Change
0.040585 0.040617 0.040585 0.040606 +0.000021
Entry Signal

MarketClub’s Trade Triangles for MXNGBP

long term up The long term trend has been UP since Jan 15th, 2019 at 0.041420

intermediate term up The intermediate term trend has been UP since Mar 20th, 2019 at 0.040190

short term down The short term trend has been DOWN since Apr 23rd, 2019 at 0.040845

Smart Scan Analysis for MXNGBP

Based on a pre-defined weighted trend formula for chart analysis, MXNGBP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MXNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.040585 0.040617 0.040585 0.040606 +0.000021
Prev. Close Volume Bid Ask Time
0.040585 0.040574 0.040638 2019-04-25 00:30:32
Want to analyze Mexican Peso/British Pound MXNGBP or another symbol? Try our Free Forex Trend Analysis Report.