Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
US Dollar/Tongan Pa'anga (FOREX:USDTOP)
Weak Downtrend (-65) - USDTOP is showing signs of a strengthening downtrend. Monitor USDTOP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDTOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDTOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDTOP
The long-term trend has been UP since Mar 1st, 2020 at 2.32025
The intermediate-term trend has been DOWN since Apr 6th, 2020 at 2.35440
The short-term trend has been DOWN since Apr 6th, 2020 at 2.35440
Smart Scan Analysis for USDTOP
Based on our trend formula, USDTOP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).