Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
British Pound/New Taiwan Dollar (FOREX:GBPTWD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
MarketClub’s Trade Triangles for GBPTWD
The long term trend has been DOWN since Jun 3rd, 2019 at 39.7230
The intermediate term trend has been DOWN since Oct 8th, 2019 at 37.9585
The short term trend has been UP since Oct 11th, 2019 at 38.0580
Smart Scan Analysis for GBPTWD
Based on a pre-defined weighted trend formula for chart analysis, GBPTWD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).