Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
Tongan Pa'anga/British Pound (FOREX:TOPGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 TOPGBP
The long term trend has been DOWN since Oct 17th, 2019 at 0.3433
The intermediate term trend has been UP since Nov 8th, 2019 at 0.3356
The short term trend has been DOWN since Nov 13th, 2019 at 0.3347
Smart Scan Analysis for TOPGBP
Based on a pre-defined weighted trend formula for chart analysis, TOPGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).