Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

British Pound/New Taiwan Dollar (FOREX:GBPTWD)

Sidelines Mode (+55) - GBPTWD 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 GBPTWD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPTWD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	GBPTWD Price	Change
40.517125	40.525264	40.470158	40.470532	-0.046593
Entry Signal

MarketClub’s Trade Triangles for GBPTWD

The long-term trend has been UP since Jan 19th, 2024 at 40.233692

The intermediate-term trend has been UP since Apr 24th, 2024 at 40.715093

The short-term trend has been DOWN since May 1st, 2024 at 40.684007

Smart Scan Analysis for GBPTWD

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

+55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
40.517125	40.525264	40.470158	40.470532	-0.046593
Prev. Close	Volume	Bid	Ask	Time
40.517125				2024-05-09 02:49:19

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