Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Viet Nam Dong/Japanese Yen (FOREX:VNDJPY)
Crossroads (-60) - VNDJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid VNDJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for VNDJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VNDJPY
The long-term trend has been UP since Feb 9th, 2023 at 0.00596919
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 0.00609557
The short-term trend has been DOWN since Nov 26th, 2023 at 0.00615055
Smart Scan Analysis for VNDJPY
Based on our trend formula, VNDJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).