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Forex Trend Analysis Report

Prepared for you on Friday, August 12, 2022.

British Pound/Tongan Pa'anga (FOREX:GBPTOP)

Bear Market Rally (-75) - GBPTOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPTOP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid GBPTOP?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPTOP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPTOP
Open High Low GBPTOP Price Change
2.8397 2.8397 2.8397 2.8397 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPTOP

long term down The long-term trend has been DOWN since Mar 8th, 2022 at 3.03940

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 2.83245

short term down The short-term trend has been DOWN since Aug 8th, 2022 at 2.85270

Smart Scan Analysis for GBPTOP

Based on our trend formula, GBPTOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPTOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8397 2.8397 2.8397 2.8397 0.0000
Prev. Close Volume Bid Ask Time
2.8397 2.7322 2.9472 2022-08-12 00:25:48
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