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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Viet Nam Dong/Japanese Yen (FOREX:VNDJPY)

Crossroads (-60) - VNDJPY is struggling to move into a solid trend. Beware of choppy markets 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
0.00606382 0.00608288 0.00606382 0.00607580 +0.00001200
Entry Signal

MarketClub’s Trade Triangles for VNDJPY

long term up The long-term trend has been UP since Apr 15th, 2024 at 0.00616457

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.00604735

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 0.00611533

Smart Scan Analysis for VNDJPY

Based on our trend formula, VNDJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for VNDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00606382 0.00608288 0.00606382 0.00607580 +0.00001200
Prev. Close Volume Bid Ask Time
0.00606382 2024-04-19 12:37:02
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