Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Tongan Pa'anga/Australian Dollar (FOREX:TOPAUD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 TOPAUD
The long term trend has been UP since Jun 28th, 2018 at 0.59825
The intermediate term trend has been DOWN since Jul 5th, 2019 at 0.62615
The short term trend has been DOWN since Jul 5th, 2019 at 0.62615
Smart Scan Analysis for TOPAUD
Based on a pre-defined weighted trend formula for chart analysis, TOPAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).