Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

British Pound/New Taiwan Dollar (FOREX:GBPTWD)

Bull Market Weakness (+75) - GBPTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPTWD as it may be in the beginning stages of a reversal.

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
40.311375	40.581151	40.239344	40.550324	+0.238949
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 DOWN since Apr 12th, 2024 at 40.169311

The short-term trend has been UP since Apr 23rd, 2024 at 40.542377

Smart Scan Analysis for GBPTWD

Based on our trend formula, GBPTWD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
40.311375	40.581151	40.239344	40.550324	+0.238949
Prev. Close	Volume	Bid	Ask	Time
40.311375				2024-04-23 23:59:32

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