Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Tongan Pa'anga/Australian Dollar (FOREX:TOPAUD)
Weak Downtrend (-65) - TOPAUD is showing signs of a strengthening downtrend. Monitor TOPAUD as it may be building momentum to the downside.
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 UP since Jan 28th, 2020 at 0.63710
The intermediate-term trend has been DOWN since Apr 1st, 2020 at 0.70615
The short-term trend has been DOWN since May 10th, 2020 at 0.66960
Smart Scan Analysis for TOPAUD
Based on our trend formula, TOPAUD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).