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Forex Trend Analysis Report

Prepared for you on Sunday, August 19, 2018.

British Pound/New Taiwan Dollar (FOREX:GBPTWD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
39.1930 39.1930 39.0925 39.0950 -0.0980
Entry Signal

MarketClub’s Trade Triangles for GBPTWD

long term down The long term trend has been DOWN since May 4th, 2018 at 40.254

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2018 at 39.905

short term down The short term trend has been DOWN since Aug 14th, 2018 at 39.149

Smart Scan Analysis for GBPTWD

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

-100
Smart Scan Analysis for GBPTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
39.1930 39.1930 39.0925 39.0950 -0.0980
Prev. Close Volume Bid Ask Time
39.1930 39.0760 39.1140 2018-08-19 20:45:55
Want to analyze British Pound/New Taiwan Dollar GBPTWD or another symbol? Try our Free Forex Trend Analysis Report.