Forex Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
British Pound/New Taiwan Dollar (FOREX:GBPTWD)
Strong Downtrend (-100) - GBPTWD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPTWD continues to fall. 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 Jun 2nd, 2022 at 36.215916
The short-term trend has been DOWN since Jun 27th, 2022 at 36.284247
Smart Scan Analysis for GBPTWD
Based on our trend formula, GBPTWD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).