Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
Tongan Pa'anga/New Zealand Dollar (FOREX:TOPNZD)
Sidelines Mode (+50) - TOPNZD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until TOPNZD can gain momentum.
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 DOWN since Dec 4th, 2019 at 0.67175
The intermediate-term trend has been UP since Jan 28th, 2020 at 0.65800
The short-term trend has been UP since Jan 7th, 2020 at 0.65575
Smart Scan Analysis for TOPNZD
Based on our trend formula, TOPNZD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).