Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
British Pound/Tongan Pa'anga (FOREX:GBPTOP)
Strong Downtrend (-100) - GBPTOP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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 Mar 4th, 2020 at 2.99165
The intermediate-term trend has been DOWN since Feb 17th, 2020 at 3.02155
The short-term trend has been DOWN since Mar 13th, 2020 at 2.98095
Smart Scan Analysis for GBPTOP
Based on our trend formula, GBPTOP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).