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.
MarketClub’s Trade Triangles for GBPTWD
The long-term trend has been DOWN since Sep 2nd, 2021 at 37.886134
The intermediate-term trend has been UP since Oct 11th, 2021 at 38.336255
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).