Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Tongan Pa'anga/British Pound (FOREX:TOPGBP)
Countertrend Up (+85) - TOPGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid TOPGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for TOPGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TOPGBP
The long-term trend has been UP since May 7th, 2021 at 0.31795
The intermediate-term trend has been UP since Aug 23rd, 2021 at 0.31945
The short-term trend has been UP since Oct 26th, 2021 at 0.32295
Smart Scan Analysis for TOPGBP
Based on our trend formula, TOPGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).