Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Tongan Pa'anga/US Dollar (FOREX:TOPUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for TOPUSD
The long term trend has been UP since Dec 4th, 2019 at 0.43255
The intermediate term trend has been UP since Oct 24th, 2019 at 0.42970
The short term trend has been DOWN since Jan 10th, 2020 at 0.43605
Smart Scan Analysis for TOPUSD
Based on a pre-defined weighted trend formula for chart analysis, TOPUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).