Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Canadian Dollar/Viet Nam Dong (FOREX:CADVND)
Countertrend Down (-85) - CADVND is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Mar 2nd, 2020 at 17416.279
The intermediate-term trend has been DOWN since May 6th, 2020 at 16621.766
The short-term trend has been UP since May 8th, 2020 at 16701.529
Smart Scan Analysis for CADVND
Based on our trend formula, CADVND is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).