Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Viet Nam Dong/British Pound (FOREX:VNDGBP)
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 VNDGBP
The long term trend has been UP since May 2nd, 2018 at 0.003215
The intermediate term trend has been UP since Jun 19th, 2018 at 0.003320
The short term trend has been DOWN since Jun 22nd, 2018 at 0.003300
Smart Scan Analysis for VNDGBP
Based on a pre-defined weighted trend formula for chart analysis, VNDGBP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).