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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Tongan Pa'anga/Australian Dollar (FOREX:TOPAUD)
Sidelines Mode (+50) - TOPAUD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until TOPAUD can gain momentum.
Is it time to buy, sell, or avoid TOPAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TOPAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TOPAUD
The long-term trend has been DOWN since Nov 16th, 2023 at 0.64975
The intermediate-term trend has been UP since Apr 22nd, 2024 at 0.64670
The short-term trend has been UP since Apr 11th, 2024 at 0.64220
Smart Scan Analysis for TOPAUD
Based on our trend formula, TOPAUD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6414 | 0.6414 | 0.6414 | 0.6414 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6407 | 0.6282 | 0.6546 | 2024-04-30 00:21:43 |