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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.

FOREX_GBPTWD
Open High Low GBPTWD Price Change
38.620020 38.684973 38.561454 38.564215 -0.055805
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 Oct 8th, 2019 at 37.9585

short term up 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).

-65
Smart Scan Analysis for GBPTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.620020 38.684973 38.561454 38.564215 -0.055805
Prev. Close Volume Bid Ask Time
38.620020 38.545326 38.583104 2019-10-14 08:52:43
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