Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
Tongan Pa'anga/British Pound (FOREX:TOPGBP)
Sidelines Mode (+55) - TOPGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Mar 8th, 2022 at 0.32955
The intermediate-term trend has been DOWN since Jul 28th, 2022 at 0.35355
The short-term trend has been UP since Aug 8th, 2022 at 0.35105
Smart Scan Analysis for TOPGBP
Based on our trend formula, TOPGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).