Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Viet Nam Dong/US Dollar (FOREX:VNDUSD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 UP since Nov 16th, 2018 at 0.004322
The short term trend has been UP since Dec 13th, 2018 at 0.004313
Smart Scan Analysis for VNDUSD
Based on a pre-defined weighted trend formula for chart analysis, VNDUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).