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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

US Dollar/Tongan Pa'anga (FOREX:USDTOP)

Long-Term Downtrend (-90) - USDTOP is in a strong downtrend that is likely to continue. While USDTOP 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 USDTOP?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDTOP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDTOP
Open High Low USDTOP Price Change
2.3690 2.3690 2.3690 2.3690 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDTOP

long term down The long-term trend has been DOWN since Nov 16th, 2023 at 2.3831

intermediate term down The intermediate-term trend has been DOWN since Mar 11th, 2024 at 2.3707

short term down The short-term trend has been DOWN since Mar 11th, 2024 at 2.3707

Smart Scan Analysis for USDTOP

Based on our trend formula, USDTOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDTOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3690 2.3690 2.3690 2.3690 0.0000
Prev. Close Volume Bid Ask Time
2.3780 2.3261 2.4119 2024-03-19 01:01:13
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