Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Viet Nam Dong/Canadian Dollar (FOREX:VNDCAD)
Sidelines Mode (-55) - VNDCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for VNDCAD
The long-term trend has been UP since Jul 19th, 2021 at 0.00005497
The intermediate-term trend has been DOWN since Oct 7th, 2021 at 0.00005522
The short-term trend has been UP since Oct 24th, 2021 at 0.00005442
Smart Scan Analysis for VNDCAD
Based on our trend formula, VNDCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).