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Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

US Dollar/Tongan Pa'anga (FOREX:USDTOP)

Countertrend Up (+85) - USDTOP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_USDTOP
Open High Low USDTOP Price Change
2.3578 2.3578 2.3578 2.3578 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDTOP

long term up The long-term trend has been UP since Apr 29th, 2022 at 2.28450

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 2.32435

short term up The short-term trend has been UP since Jun 28th, 2022 at 2.33740

Smart Scan Analysis for USDTOP

Based on our trend formula, USDTOP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDTOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3578 2.3578 2.3578 2.3578 0.0000
Prev. Close Volume Bid Ask Time
2.3578 2.2967 2.4189 2022-07-06 01:35:29
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