Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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 DOWN since Mar 2nd, 2020 at 0.00466380
The intermediate-term trend has been UP since May 11th, 2020 at 0.00459479
The short-term trend has been UP since May 11th, 2020 at 0.00455796
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).