Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Tongan Pa'anga/New Zealand Dollar (FOREX:TOPNZD)
Weak Downtrend (-65) - TOPNZD is showing signs of a strengthening downtrend. Monitor TOPNZD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid TOPNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TOPNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TOPNZD
The long-term trend has been UP since Feb 25th, 2020 at 0.68025
The intermediate-term trend has been DOWN since May 10th, 2020 at 0.70640
The short-term trend has been DOWN since May 10th, 2020 at 0.71220
Smart Scan Analysis for TOPNZD
Based on our trend formula, TOPNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).