Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
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 Aug 5th, 2020 at 0.00573328
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 0.00005494
The short-term trend has been UP since Feb 26th, 2021 at 0.00005489
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).