Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Euro/Viet Nam Dong (FOREX:EURVND)
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 EURVND
The long term trend has been DOWN since Oct 28th, 2018 at 26526
The intermediate term trend has been UP since Dec 19th, 2018 at 26548
The short term trend has been DOWN since Jan 16th, 2019 at 26611
Smart Scan Analysis for EURVND
Based on a pre-defined weighted trend formula for chart analysis, EURVND scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).