Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
British Pound/New Taiwan Dollar (FOREX:GBPTWD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.
MarketClub’s Trade Triangles for GBPTWD
The long term trend has been DOWN since Dec 3rd, 2018 at 39.1655
The intermediate term trend has been DOWN since Feb 12th, 2019 at 39.6155
The short term trend has been UP since Feb 18th, 2019 at 39.8305
Smart Scan Analysis for GBPTWD
Based on a pre-defined weighted trend formula for chart analysis, GBPTWD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).