Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
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.
MarketClub’s Trade Triangles for GBPTWD
The long-term trend has been DOWN since Nov 2nd, 2020 at 36.632838
The intermediate-term trend has been UP since Nov 10th, 2020 at 37.783413
The short-term trend has been UP since Nov 3rd, 2020 at 37.116180
Smart Scan Analysis for GBPTWD
Based on our trend formula, GBPTWD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).