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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Tongan Pa'anga/Australian Dollar (FOREX:TOPAUD)

Long-Term Downtrend (-90) - TOPAUD is in a strong downtrend that is likely to continue. While TOPAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_TOPAUD
Open High Low TOPAUD Price Change
0.55095 0.55095 0.55095 0.55095 0.00000
Entry Signal

MarketClub’s Trade Triangles for TOPAUD

long term down The long-term trend has been DOWN since Jun 5th, 2020 at 0.65125

intermediate term down The intermediate-term trend has been DOWN since Feb 10th, 2021 at 0.56255

short term down The short-term trend has been DOWN since Feb 7th, 2021 at 0.56700

Smart Scan Analysis for TOPAUD

Based on our trend formula, TOPAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TOPAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.55095 0.55095 0.55095 0.55095 0.00000
Prev. Close Volume Bid Ask Time
0.55095 0.53620 0.56570 2021-02-25 01:06:15
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