Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
US Dollar/Viet Nam Dong (FOREX:USDVND)
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 USDVND
The long term trend has been DOWN since Jun 10th, 2018 at 22732.5
The intermediate term trend has been UP since Jun 12th, 2018 at 22882.0
The short term trend has been DOWN since Jun 21st, 2018 at 22808.0
Smart Scan Analysis for USDVND
Based on a pre-defined weighted trend formula for chart analysis, USDVND scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).