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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2019.

British Pound/New Taiwan Dollar (FOREX:GBPTWD)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.

FOREX_GBPTWD
Open High Low GBPTWD Price Change
40.145829 40.165456 39.911557 39.988403 -0.157426
Entry Signal

MarketClub’s Trade Triangles for GBPTWD

long term up The long term trend has been UP since Oct 16th, 2019 at 39.334500

intermediate term up The intermediate term trend has been UP since Oct 15th, 2019 at 38.810000

short term up The short term trend has been UP since Nov 28th, 2019 at 39.405147

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).

+90
Smart Scan Analysis for GBPTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.145829 40.165456 39.911557 39.988403 -0.157426
Prev. Close Volume Bid Ask Time
40.145829 39.968710 40.008096 2019-12-06 12:55:27
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