Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
British Pound/Tongan Pa'anga (FOREX:GBPTOP)
Bull Market Weakness (+75) - GBPTOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPTOP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPTOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPTOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPTOP
The long-term trend has been UP since Aug 5th, 2020 at 2.90635
The intermediate-term trend has been UP since Dec 18th, 2020 at 3.08030
The short-term trend has been UP since Jan 12th, 2021 at 3.08985
Smart Scan Analysis for GBPTOP
Based on our trend formula, GBPTOP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).