Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Viet Nam Dong/British Pound (FOREX:VNDGBP)
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 VNDGBP
The long term trend has been DOWN since Oct 17th, 2019 at 0.00336600
The intermediate term trend has been UP since Dec 25th, 2019 at 0.00336145
The short term trend has been DOWN since Jan 16th, 2020 at 0.00330036
Smart Scan Analysis for VNDGBP
Based on a pre-defined weighted trend formula for chart analysis, VNDGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).