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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

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

Sidelines Mode (+50) - GBPTOP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPTOP can gain momentum.

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
3.0283 3.0283 3.0283 3.0283 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPTOP

long term down The long-term trend has been DOWN since Apr 22nd, 2024 at 2.98660

intermediate term up The intermediate-term trend has been UP since May 20th, 2024 at 3.00825

short term up The short-term trend has been UP since May 20th, 2024 at 3.00825

Smart Scan Analysis for GBPTOP

Based on our trend formula, GBPTOP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPTOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0283 3.0283 3.0283 3.0283 0.0000
Prev. Close Volume Bid Ask Time
3.0228 2.9061 3.1505 2024-05-22 23:37:43
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