Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
US Dollar/Tongan Pa'anga (FOREX:USDTOP)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 USDTOP
The long term trend has been DOWN since Dec 4th, 2019 at 2.31325
The intermediate term trend has been UP since Jan 23rd, 2020 at 2.29785
The short term trend has been UP since Jan 7th, 2020 at 2.28945
Smart Scan Analysis for USDTOP
Based on a pre-defined weighted trend formula for chart analysis, USDTOP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).