Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
British Pound/New Taiwan Dollar (FOREX:GBPTWD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
MarketClub’s Trade Triangles for GBPTWD
The long term trend has been UP since Oct 16th, 2019 at 39.334500
The intermediate term trend has been UP since Oct 15th, 2019 at 38.810000
The short term trend has been UP since Nov 28th, 2019 at 39.405147
Smart Scan Analysis for GBPTWD
Based on a pre-defined weighted trend formula for chart analysis, GBPTWD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).