Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
US Dollar/Viet Nam Dong (FOREX:USDVND)
Long-Term Downtrend (-90) - USDVND is in a strong downtrend that is likely to continue. While USDVND is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDVND?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDVND.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDVND
The long-term trend has been DOWN since Nov 25th, 2020 at 23097.173
The intermediate-term trend has been DOWN since Oct 18th, 2021 at 22754.000
The short-term trend has been DOWN since Oct 18th, 2021 at 22757.500
Smart Scan Analysis for USDVND
Based on our trend formula, USDVND is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).