Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Australian Dollar/Tongan Pa'anga (FOREX:AUDTOP)
Bull Market Weakness (+75) - AUDTOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDTOP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid AUDTOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDTOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDTOP
The long-term trend has been UP since Jun 5th, 2020 at 1.53625
The intermediate-term trend has been UP since Nov 8th, 2020 at 1.65630
The short-term trend has been UP since Nov 8th, 2020 at 1.65630
Smart Scan Analysis for AUDTOP
Based on our trend formula, AUDTOP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).