Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

New Taiwan Dollar/British Pound (FOREX:TWDGBP)

Bear Market Rally (-75) - TWDGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TWDGBP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid TWDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	TWDGBP Price	Change
0.02369445	0.02372736	0.02366052	0.02368320	-0.00001100
Entry Signal

MarketClub’s Trade Triangles for TWDGBP

The long-term trend has been DOWN since Jan 19th, 2024 at 0.02485530

The intermediate-term trend has been DOWN since Jul 2nd, 2024 at 0.02410982

The short-term trend has been UP since Jul 23rd, 2024 at 0.02364596

Smart Scan Analysis for TWDGBP

Based on our trend formula, TWDGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.02369445	0.02372736	0.02366052	0.02368320	-0.00001100
Prev. Close	Volume	Bid	Ask	Time
0.02369445				2024-07-26 17:02:12

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