Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

British Pound/New Taiwan Dollar (FOREX:GBPTWD)

Long-Term Uptrend (+90) - GBPTWD is in a strong uptrend that is likely to continue. While GBPTWD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_GBPTWD
Open High Low GBPTWD Price Change
41.013480 41.030809 40.952411 40.990377 -0.023103
Entry Signal

MarketClub’s Trade Triangles for GBPTWD

long term up The long-term trend has been UP since Jan 19th, 2024 at 40.233692

intermediate term up The intermediate-term trend has been UP since Apr 24th, 2024 at 40.715093

short term up The short-term trend has been UP since May 16th, 2024 at 40.803861

Smart Scan Analysis for GBPTWD

Based on our trend formula, GBPTWD is rated as a +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
41.013480 41.030809 40.952411 40.990377 -0.023103
Prev. Close Volume Bid Ask Time
41.013480 2024-05-27 08:19:17
Get a free daily analysis and signals for British Pound/New Taiwan Dollar (GBPTWD) - Request Your Free Report.