Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Viet Nam Dong/Euro (FOREX:VNDEUR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 VNDEUR
The long term trend has been DOWN since Sep 20th, 2018 at 0.003662
The intermediate term trend has been UP since Oct 2nd, 2018 at 0.003710
The short term trend has been UP since Oct 17th, 2018 at 0.003701
Smart Scan Analysis for VNDEUR
Based on a pre-defined weighted trend formula for chart analysis, VNDEUR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).