Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
British Pound/New Taiwan Dollar (FOREX:GBPTWD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Dec 3rd, 2018 at 39.1655
The intermediate term trend has been DOWN since Oct 25th, 2018 at 39.6535
The short term trend has been UP since Dec 5th, 2018 at 39.3670
Smart Scan Analysis for GBPTWD
Based on a pre-defined weighted trend formula for chart analysis, GBPTWD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).