Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Viet Nam Dong/Japanese Yen (FOREX:VNDJPY)
Countertrend Down (-85) - VNDJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Mar 2nd, 2020 at 0.00466380
The intermediate-term trend has been DOWN since Oct 19th, 2020 at 0.00454746
The short-term trend has been UP since Nov 25th, 2020 at 0.00448911
Smart Scan Analysis for VNDJPY
Based on our trend formula, VNDJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).