Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
US Dollar/Viet Nam Dong (FOREX:USDVND)
Bull Market Weakness (+75) - USDVND is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDVND as it may be in the beginning stages of a reversal.
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 UP since Feb 10th, 2020 at 23278.055
The intermediate-term trend has been UP since Mar 17th, 2020 at 23242.470
The short-term trend has been DOWN since Apr 2nd, 2020 at 23632.500
Smart Scan Analysis for USDVND
Based on our trend formula, USDVND is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).