Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
British Pound/New Taiwan Dollar (FOREX:GBPTWD)
Long-Term Downtrend (-90) - GBPTWD is in a strong downtrend that is likely to continue. While GBPTWD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Mar 9th, 2022 at 36.255620
The intermediate-term trend has been DOWN since Aug 18th, 2022 at 35.730636
The short-term trend has been DOWN since Aug 15th, 2022 at 36.269621
Smart Scan Analysis for GBPTWD
Based on our trend formula, GBPTWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).