Forex Trend Analysis Report
Prepared for you on Wednesday, April 14, 2021.
British Pound/New Taiwan Dollar (FOREX:GBPTWD)
Sidelines Mode (+55) - GBPTWD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jan 3rd, 2021 at 38.454452
The intermediate-term trend has been DOWN since Apr 7th, 2021 at 38.865250
The short-term trend has been UP since Apr 13th, 2021 at 39.210927
Smart Scan Analysis for GBPTWD
Based on our trend formula, GBPTWD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).