Forex Trend Analysis Report
Prepared for you on Friday, December 4, 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 Sep 25th, 2020 at 2.29500
The intermediate-term trend has been DOWN since Nov 8th, 2020 at 2.31325
The short-term trend has been DOWN since Nov 8th, 2020 at 2.31325
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).