Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
US Dollar/Tongan Pa'anga (FOREX:USDTOP)
Bear Market Rally (-75) - USDTOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDTOP as it may be in the beginning of a reversal.
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 DOWN since Jan 5th, 2021 at 2.27405
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 2.29470
The short-term trend has been UP since Mar 8th, 2021 at 2.28840
Smart Scan Analysis for USDTOP
Based on our trend formula, USDTOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).