Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
British Pound/Tongan Pa'anga (FOREX:GBPTOP)
Crossroads (-60) - GBPTOP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Oct 3rd, 2023 at 2.98575
The intermediate-term trend has been UP since Nov 16th, 2023 at 2.95660
The short-term trend has been UP since Nov 16th, 2023 at 2.95660
Smart Scan Analysis for GBPTOP
Based on our trend formula, GBPTOP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).