Forex Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
Viet Nam Dong/Canadian Dollar (FOREX:VNDCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 VNDCAD
The long term trend has been UP since Aug 23rd, 2015 at 0.00596
The intermediate term trend has been DOWN since Dec 3rd, 2017 at 0.00558
The short term trend has been DOWN since Jan 15th, 2018 at 0.00550
Smart Scan Analysis for VNDCAD
Based on a pre-defined weighted trend formula for chart analysis, VNDCAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).