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.
MarketClub’s Trade Triangles for GBPTWD
The long term trend has been UP since Sep 19th, 2018 at 40.5965
The intermediate term trend has been UP since Aug 29th, 2018 at 39.9800
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).