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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Mexican Peso/British Pound (FOREX:MXNGBP)

Sidelines Mode (+55) - MXNGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.04796245 0.04802176 0.04768532 0.04770644 -0.00025600
Entry Signal

MarketClub’s Trade Triangles for MXNGBP

long term up The long-term trend has been UP since Dec 1st, 2023 at 0.04779150

intermediate term up The intermediate-term trend has been UP since Feb 5th, 2024 at 0.04666250

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 0.04805066

Smart Scan Analysis for MXNGBP

Based on our trend formula, MXNGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MXNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04796245 0.04802176 0.04768532 0.04770644 -0.00025600
Prev. Close Volume Bid Ask Time
0.04796245 2024-04-16 04:14:50
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