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Forex Trend Analysis Report

Prepared for you on Saturday, September 30, 2023.

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
39.291083 39.458796 39.191223 39.341792 +0.050709
Entry Signal

MarketClub’s Trade Triangles for GBPTWD

long term up The long-term trend has been UP since Apr 26th, 2023 at 38.393405

intermediate term down The intermediate-term trend has been DOWN since Sep 6th, 2023 at 39.929729

short term up The short-term trend has been UP since Sep 29th, 2023 at 39.370045

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
39.291083 39.458796 39.191223 39.341792 +0.050709
Prev. Close Volume Bid Ask Time
39.291083 2023-09-29 17:07:46
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