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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/New Taiwan Dollar (FOREX:GBPTWD)
Bear Market Rally (-75) - GBPTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPTWD as it may be in the beginning 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.
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MarketClub’s Trade Triangles for GBPTWD
The long-term trend has been DOWN since Nov 15th, 2024 at 41.001593
The intermediate-term trend has been DOWN since Oct 16th, 2024 at 41.887335
The short-term trend has been UP since Nov 20th, 2024 at 41.219760
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 41.178933 | 41.294924 | 41.159429 | 41.261138 | +0.082205 |
| Prev. Close | Volume | Bid | Ask | Time |
| 41.178933 | 2024-11-20 03:24:31 |