Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
Tongan Pa'anga/US Dollar (FOREX:TOPUSD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Apr 23rd, 2019 at 0.44080
The intermediate term trend has been DOWN since Sep 23rd, 2019 at 0.43025
The short term trend has been DOWN since Aug 1st, 2019 at 0.43880
Smart Scan Analysis for TOPUSD
Based on a pre-defined weighted trend formula for chart analysis, TOPUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).