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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.

FOREX_GBPTWD
Open High Low GBPTWD Price Change
39.4720 39.5250 39.2495 39.3605 -0.1115
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 May 16th, 2019 at 39.8525

short term down 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).

-90
Smart Scan Analysis for GBPTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
39.4720 39.5250 39.2495 39.3605 -0.1115
Prev. Close Volume Bid Ask Time
39.4720 39.3420 39.3790 2019-06-18 16:41:47
Want to analyze British Pound/New Taiwan Dollar GBPTWD or another symbol? Try our Free Forex Trend Analysis Report.