Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Viet Nam Dong/Canadian Dollar (FOREX:VNDCAD)
Countertrend Down (-85) - VNDCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for VNDCAD
The long-term trend has been DOWN since Sep 18th, 2023 at 0.00005543
The intermediate-term trend has been DOWN since Sep 13th, 2023 at 0.00005601
The short-term trend has been UP since Sep 26th, 2023 at 0.00005545
Smart Scan Analysis for VNDCAD
Based on our trend formula, VNDCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).