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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

New Taiwan Dollar/British Pound (FOREX:TWDGBP)

Countertrend Down (-85) - TWDGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_TWDGBP
Open High Low TWDGBP Price Change
0.02476135 0.02480007 0.02473873 0.02476252 +0.00000100
Entry Signal

MarketClub’s Trade Triangles for TWDGBP

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

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2024 at 0.02505250

short term up The short-term trend has been UP since Mar 28th, 2024 at 0.02478255

Smart Scan Analysis for TWDGBP

Based on our trend formula, TWDGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for TWDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02476135 0.02480007 0.02473873 0.02476252 +0.00000100
Prev. Close Volume Bid Ask Time
0.02476135 2024-03-28 08:02:03
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