Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Tongan Pa'anga/British Pound (FOREX:TOPGBP)
Long-Term Downtrend (-90) - TOPGBP is in a strong downtrend that is likely to continue. While TOPGBP 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 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 DOWN since Aug 5th, 2020 at 0.3446
The intermediate-term trend has been DOWN since Oct 8th, 2020 at 0.3344
The short-term trend has been DOWN since Nov 19th, 2020 at 0.3281
Smart Scan Analysis for TOPGBP
Based on our trend formula, TOPGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).