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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

British Pound/New Taiwan Dollar (FOREX:GBPTWD)

Sidelines Mode (-55) - GBPTWD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_GBPTWD
Open High Low GBPTWD Price Change
38.467056 38.502312 38.270374 38.302390 -0.164666
Entry Signal

MarketClub’s Trade Triangles for GBPTWD

long term down The long-term trend has been DOWN since Sep 2nd, 2021 at 37.886134

intermediate term up The intermediate-term trend has been UP since Oct 11th, 2021 at 38.336255

short term down The short-term trend has been DOWN since Oct 20th, 2021 at 38.327243

Smart Scan Analysis for GBPTWD

Based on our trend formula, GBPTWD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.467056 38.502312 38.270374 38.302390 -0.164666
Prev. Close Volume Bid Ask Time
38.467056 2021-10-22 17:00:43
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