Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Tongan Pa'anga/US Dollar (FOREX:TOPUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 TOPUSD
The long term trend has been UP since Nov 16th, 2018 at 0.442
The intermediate term trend has been DOWN since Feb 11th, 2019 at 0.442
The short term trend has been DOWN since Feb 11th, 2019 at 0.442
Smart Scan Analysis for TOPUSD
Based on a pre-defined weighted trend formula for chart analysis, TOPUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).