Forex Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
British Pound/New Taiwan Dollar (FOREX:GBPTWD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 DOWN since Jun 3rd, 2019 at 39.7230
The intermediate term trend has been DOWN since May 16th, 2019 at 39.8525
The short term trend has been DOWN since Jun 14th, 2019 at 39.7880
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).