Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Australian Dollar/Tongan Pa'anga (FOREX:AUDTOP)
Sidelines Mode (+50) - AUDTOP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AUDTOP can gain momentum.
Is it time to buy, sell, or avoid AUDTOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDTOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDTOP
The long-term trend has been DOWN since Jan 28th, 2020 at 1.57045
The intermediate-term trend has been UP since Apr 6th, 2020 at 1.43275
The short-term trend has been UP since May 19th, 2020 at 1.51220
Smart Scan Analysis for AUDTOP
Based on our trend formula, AUDTOP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).