Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Viet Nam Dong/British Pound (FOREX:VNDGBP)
Bear Market Rally (-75) - VNDGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on VNDGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid VNDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for VNDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VNDGBP
The long-term trend has been DOWN since Nov 28th, 2023 at 0.00003253
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 0.00003316
The short-term trend has been UP since Dec 4th, 2023 at 0.00003270
Smart Scan Analysis for VNDGBP
Based on our trend formula, VNDGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).