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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

British Pound/New Taiwan Dollar (FOREX:GBPTWD)

Bull Market Weakness (+75) - GBPTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPTWD as it may be in the beginning stages 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.

FOREX_GBPTWD
Open High Low GBPTWD Price Change
40.404814 40.415273 40.336119 40.355696 -0.049118
Entry Signal

MarketClub’s Trade Triangles for GBPTWD

long term up The long-term trend has been UP since Jan 19th, 2024 at 40.233692

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2024 at 39.916194

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 40.350977

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).

+75
Smart Scan Analysis for GBPTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.404814 40.415273 40.336119 40.355696 -0.049118
Prev. Close Volume Bid Ask Time
40.404814 2024-03-29 03:46:27
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