Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Canadian Dollar/Viet Nam Dong (FOREX:CADVND)
Sidelines Mode (-55) - CADVND is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Dec 16th, 2022 at 17199.673
The intermediate-term trend has been DOWN since Mar 6th, 2023 at 17403.397
The short-term trend has been UP since Mar 27th, 2023 at 17194.368
Smart Scan Analysis for CADVND
Based on our trend formula, CADVND is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).