Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Viet Nam Dong/US Dollar (FOREX:VNDUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 VNDUSD
The long term trend has been DOWN since Feb 6th, 2018 at 0.004375
The intermediate term trend has been DOWN since Jul 10th, 2018 at 0.004325
The short term trend has been UP since Aug 16th, 2018 at 0.004314
Smart Scan Analysis for VNDUSD
Based on a pre-defined weighted trend formula for chart analysis, VNDUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).