Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Australian Dollar/Tongan Pa'anga (FOREX:AUDTOP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDTOP
The long term trend has been DOWN since Jan 28th, 2020 at 1.57045
The intermediate term trend has been DOWN since Jan 7th, 2020 at 1.58225
The short term trend has been UP since Feb 4th, 2020 at 1.56455
Smart Scan Analysis for AUDTOP
Based on a pre-defined weighted trend formula for chart analysis, AUDTOP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).