Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Viet Nam Dong/Canadian Dollar (FOREX:VNDCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for VNDCAD
The long term trend has been DOWN since Jun 26th, 2019 at 0.00563500
The intermediate term trend has been DOWN since Dec 5th, 2019 at 0.00568796
The short term trend has been UP since Jan 20th, 2020 at 0.00563508
Smart Scan Analysis for VNDCAD
Based on a pre-defined weighted trend formula for chart analysis, VNDCAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).