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Forex Trend Analysis Report

Prepared for you on Monday, August 3, 2020.

Viet Nam Dong/Canadian Dollar (FOREX:VNDCAD)

Crossroads (-60) - VNDCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid VNDCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for VNDCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_VNDCAD
Open High Low VNDCAD Price Change
0.00574687 0.00580605 0.00573591 0.00579902 +0.00005200
Entry Signal

MarketClub’s Trade Triangles for VNDCAD

long term up The long-term trend has been UP since Feb 27th, 2020 at 0.00578200

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2020 at 0.00582067

short term down The short-term trend has been DOWN since Jul 31st, 2020 at 0.00575477

Smart Scan Analysis for VNDCAD

Based on our trend formula, VNDCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for VNDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00574687 0.00580605 0.00573591 0.00579902 +0.00005200
Prev. Close Volume Bid Ask Time
0.00574687 0.00571366 0.00588437 2020-08-03 19:27:12
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