Forex Trend Analysis Report
Prepared for you on Wednesday, December 1, 2021.
Tongan Pa'anga/British Pound (FOREX:TOPGBP)
Sidelines Mode (+55) - TOPGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TOPGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for TOPGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TOPGBP
The long-term trend has been UP since May 7th, 2021 at 0.31795
The intermediate-term trend has been UP since Aug 23rd, 2021 at 0.31945
The short-term trend has been DOWN since Nov 30th, 2021 at 0.32845
Smart Scan Analysis for TOPGBP
Based on our trend formula, TOPGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).