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.
MarketClub’s Trade Triangles for MXNGBP
The long-term trend has been DOWN since Feb 18th, 2021 at 0.03541309
The intermediate-term trend has been DOWN since Dec 15th, 2020 at 0.03695533
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).