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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Tongan Pa'anga/US Dollar (FOREX:TOPUSD)
Long-Term Downtrend (-90) - TOPUSD is in a strong downtrend that is likely to continue. While TOPUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TOPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TOPUSD.
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 TOPUSD
The long-term trend has been DOWN since Apr 2nd, 2024 at 0.42115
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.41975
The short-term trend has been DOWN since Apr 11th, 2024 at 0.42145
Smart Scan Analysis for TOPUSD
Based on our trend formula, TOPUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.4212 | 0.4212 | 0.4212 | 0.4212 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.4212 | 0.4135 | 0.4289 | 2024-05-08 23:44:16 |