Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Tongan Pa'anga/Australian Dollar (FOREX:TOPAUD)
Long-Term Downtrend (-90) - TOPAUD is in a strong downtrend that is likely to continue. While TOPAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TOPAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TOPAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TOPAUD
The long-term trend has been DOWN since Jun 5th, 2020 at 0.65125
The intermediate-term trend has been DOWN since Feb 10th, 2021 at 0.56255
The short-term trend has been DOWN since Feb 7th, 2021 at 0.56700
Smart Scan Analysis for TOPAUD
Based on our trend formula, TOPAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).