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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

New Taiwan Dollar/British Pound (FOREX:TWDGBP)

Weak Downtrend (-65) - TWDGBP is showing signs of a strengthening downtrend. Monitor TWDGBP as it may be building momentum to the downside.

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
0.02480690 0.02485123 0.02464199 0.02468941 -0.00011700
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 up The intermediate-term trend has been UP since Apr 12th, 2024 at 0.02489464

short term down The short-term trend has been DOWN since Apr 23rd, 2024 at 0.02466555

Smart Scan Analysis for TWDGBP

Based on our trend formula, TWDGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for TWDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02480690 0.02485123 0.02464199 0.02468941 -0.00011700
Prev. Close Volume Bid Ask Time
0.02480690 2024-04-23 22:50:35
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