Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
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 UP since Dec 31st, 2019 at 17769.071
The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 17674.308
The short-term trend has been UP since Feb 13th, 2020 at 17534.222
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).