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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.

Open High Low GBPTWD Price Change
39.368 39.417 39.305 39.319 -0.049
Entry Signal

MarketClub’s Trade Triangles for GBPTWD

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 39.1655

intermediate term down The intermediate term trend has been DOWN since Oct 25th, 2018 at 39.6535

short term up 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).

Smart Scan Analysis for GBPTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
39.368 39.417 39.305 39.319 -0.049
Prev. Close Volume Bid Ask Time
39.368 39.300 39.338 2018-12-10 04:17:07
Want to analyze British Pound/New Taiwan Dollar GBPTWD or another symbol? Try our Free Forex Trend Analysis Report.