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Forex Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

British Pound/New Taiwan Dollar (FOREX:GBPTWD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_GBPTWD
Open High Low GBPTWD Price Change
40.5180 40.6405 40.4835 40.4915 -0.0265
Entry Signal

MarketClub’s Trade Triangles for GBPTWD

long term up The long term trend has been UP since Sep 19th, 2018 at 40.5965

intermediate term up The intermediate term trend has been UP since Aug 29th, 2018 at 39.9800

short term down The short term trend has been DOWN since Oct 14th, 2018 at 40.6040

Smart Scan Analysis for GBPTWD

Based on a pre-defined weighted trend formula for chart analysis, GBPTWD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for GBPTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.5180 40.6405 40.4835 40.4915 -0.0265
Prev. Close Volume Bid Ask Time
40.5180 40.4810 40.5020 2018-10-18 12:32:42
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