Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

British Pound/New Taiwan Dollar (FOREX:GBPTWD)

Bull Market Weakness (+75) - GBPTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPTWD as it may be in the beginning stages of a reversal.

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.

Open	High	Low	GBPTWD Price	Change
42.199726	42.265208	42.145441	42.223681	+0.023955
Entry Signal

MarketClub’s Trade Triangles for GBPTWD

The long-term trend has been UP since Jan 19th, 2024 at 40.233692

The intermediate-term trend has been UP since Jul 2nd, 2024 at 41.476885

The short-term trend has been DOWN since Jul 23rd, 2024 at 42.290524

Smart Scan Analysis for GBPTWD

Based on our trend formula, GBPTWD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
42.199726	42.265208	42.145441	42.223681	+0.023955
Prev. Close	Volume	Bid	Ask	Time
42.199726				2024-07-26 17:00:04

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