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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Mexican Peso/British Pound (FOREX:MXNGBP)

Crossroads (+60) - MXNGBP is struggling to move into a solid trend. Beware of choppy markets 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
0.03654149 0.03654149 0.03654149 0.03654149 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MXNGBP

long term down The long-term trend has been DOWN since Mar 5th, 2020 at 0.0388555

intermediate term up The intermediate-term trend has been UP since May 10th, 2020 at 0.0341400

short term up The short-term trend has been UP since May 14th, 2020 at 0.0341900

Smart Scan Analysis for MXNGBP

Based on our trend formula, MXNGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for MXNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03654149 0.03654149 0.03654149 0.03654149 0.00000000
Prev. Close Volume Bid Ask Time
0.03654149 0.03653737 0.03654561 2020-05-30 08:33:00
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