Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
Canadian Dollar/Viet Nam Dong (FOREX:CADVND)
Sidelines Mode (+50) - CADVND is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CADVND can gain momentum.
Is it time to buy, sell, or avoid CADVND?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADVND.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADVND
The long-term trend has been DOWN since Jul 19th, 2021 at 18257.609
The intermediate-term trend has been UP since Dec 6th, 2021 at 18087.151
The short-term trend has been UP since Dec 3rd, 2021 at 17834.500
Smart Scan Analysis for CADVND
Based on our trend formula, CADVND is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).