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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Viet Nam Dong/Canadian Dollar (FOREX:VNDCAD)

Long-Term Downtrend (-90) - VNDCAD is in a strong downtrend that is likely to continue. While VNDCAD 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 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
0.00005381 0.00005390 0.00005380 0.00005386 0.00000000
Entry Signal

MarketClub’s Trade Triangles for VNDCAD

long term down The long-term trend has been DOWN since Sep 18th, 2023 at 0.00005543

intermediate term down The intermediate-term trend has been DOWN since Apr 21st, 2024 at 0.00005391

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 0.00005467

Smart Scan Analysis for VNDCAD

Based on our trend formula, VNDCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for VNDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00005381 0.00005390 0.00005380 0.00005386 0.00000000
Prev. Close Volume Bid Ask Time
0.00005381 2024-04-23 07:06:33
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