Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Canadian Dollar/Viet Nam Dong (FOREX:CADVND)
Countertrend Up (+85) - CADVND is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Jul 29th, 2020 at 17336.155
The intermediate-term trend has been UP since Nov 8th, 2020 at 17660.114
The short-term trend has been UP since Nov 23rd, 2020 at 17738.263
Smart Scan Analysis for CADVND
Based on our trend formula, CADVND is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).