Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Viet Nam Dong/Japanese Yen (FOREX:VNDJPY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 VNDJPY
The long term trend has been DOWN since Aug 5th, 2018 at 0.004769
The intermediate term trend has been DOWN since Jul 23rd, 2018 at 0.004795
The short term trend has been UP since Aug 19th, 2018 at 0.004757
Smart Scan Analysis for VNDJPY
Based on a pre-defined weighted trend formula for chart analysis, VNDJPY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).