Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Viet Nam Dong/Japanese Yen (FOREX:VNDJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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 VNDJPY
The long term trend has been DOWN since Jan 3rd, 2020 at 0.00466550
The intermediate term trend has been DOWN since Jan 2nd, 2020 at 0.00468447
The short term trend has been UP since Jan 8th, 2020 at 0.00469750
Smart Scan Analysis for VNDJPY
Based on a pre-defined weighted trend formula for chart analysis, VNDJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).