Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
British Pound/Tongan Pa'anga (FOREX:GBPTOP)
Countertrend Down (-85) - GBPTOP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 May 7th, 2021 at 3.15075
The intermediate-term trend has been DOWN since Aug 23rd, 2021 at 3.13585
The short-term trend has been UP since Oct 10th, 2021 at 3.09690
Smart Scan Analysis for GBPTOP
Based on our trend formula, GBPTOP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).