Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
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 Oct 8th, 2020 at 2.99525
The short-term trend has been UP since Sep 25th, 2020 at 2.94800
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).