Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

British Pound/New Taiwan Dollar (FOREX:GBPTWD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low GBPTWD Price Change
37.9180 38.1305 37.8295 38.0330 +0.1150
Entry Signal

MarketClub’s Trade Triangles for GBPTWD

long term down The long term trend has been DOWN since Jun 3rd, 2019 at 39.7230

intermediate term down The intermediate term trend has been DOWN since May 16th, 2019 at 39.8525

short term up The short term trend has been UP since Aug 16th, 2019 at 38.0825

Smart Scan Analysis for GBPTWD

Based on a pre-defined weighted trend formula for chart analysis, GBPTWD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GBPTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.9180 38.1305 37.8295 38.0330 +0.1150
Prev. Close Volume Bid Ask Time
37.9180 38.0150 38.0510 2019-08-16 18:17:26
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