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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.

FOREX_GBPTWD
Open High Low GBPTWD Price Change
35.793105 35.830691 35.492075 35.623625 -0.169480
Entry Signal

MarketClub’s Trade Triangles for GBPTWD

long term down The long-term trend has been DOWN since Mar 9th, 2022 at 36.255620

intermediate term down The intermediate-term trend has been DOWN since Aug 18th, 2022 at 35.730636

short term down 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).

-90
Smart Scan Analysis for GBPTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
35.793105 35.830691 35.492075 35.623625 -0.169480
Prev. Close Volume Bid Ask Time
35.793105 2022-08-19 17:00:28
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