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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Viet Nam Dong/Japanese Yen (FOREX:VNDJPY)

Sidelines Mode (-55) - VNDJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid VNDJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for VNDJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_VNDJPY
Open High Low VNDJPY Price Change
0.00605441 0.00608113 0.00605431 0.00607925 +0.00002500
Entry Signal

MarketClub’s Trade Triangles for VNDJPY

long term down The long-term trend has been DOWN since Dec 3rd, 2023 at 0.00604979

intermediate term down The intermediate-term trend has been DOWN since Mar 5th, 2024 at 0.00607412

short term up The short-term trend has been UP since Mar 13th, 2024 at 0.00599173

Smart Scan Analysis for VNDJPY

Based on our trend formula, VNDJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for VNDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00605441 0.00608113 0.00605431 0.00607925 +0.00002500
Prev. Close Volume Bid Ask Time
0.00605441 2024-03-19 03:01:04
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