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.
MarketClub’s Trade Triangles for MXNGBP
The long-term trend has been DOWN since Mar 5th, 2020 at 0.0388555
The intermediate-term trend has been UP since May 10th, 2020 at 0.0341400
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).