Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Australian Dollar/Tongan Pa'anga (FOREX:AUDTOP)
Bear Market Rally (-75) - AUDTOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDTOP as it may be in the beginning 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 DOWN since May 16th, 2022 at 1.6450
The intermediate-term trend has been UP since Jul 25th, 2022 at 1.6236
The short-term trend has been DOWN since Aug 18th, 2022 at 1.6400
Smart Scan Analysis for AUDTOP
Based on our trend formula, AUDTOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).