Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Viet Nam Dong/Japanese Yen (FOREX:VNDJPY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 VNDJPY
The long term trend has been DOWN since Aug 5th, 2018 at 0.004769
The intermediate term trend has been DOWN since Oct 18th, 2018 at 0.004822
The short term trend has been DOWN since Oct 18th, 2018 at 0.004873
Smart Scan Analysis for VNDJPY
Based on a pre-defined weighted trend formula for chart analysis, VNDJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).