Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Canadian Dollar/Viet Nam Dong (FOREX:CADVND)
Bull Market Weakness (+75) - CADVND is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADVND as it may be in the beginning stages of a reversal.
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 UP since Sep 18th, 2023 at 18034.147
The intermediate-term trend has been UP since Dec 1st, 2023 at 17972.713
The short-term trend has been DOWN since Dec 5th, 2023 at 17876.174
Smart Scan Analysis for CADVND
Based on our trend formula, CADVND is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).