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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Viet Nam Dong/US Dollar (FOREX:VNDUSD)

Countertrend Down (-85) - VNDUSD 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 VNDUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for VNDUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_VNDUSD
Open High Low VNDUSD Price Change
0.00003930 0.00003937 0.00003930 0.00003934 0.00000000
Entry Signal

MarketClub’s Trade Triangles for VNDUSD

long term down The long-term trend has been DOWN since Sep 13th, 2023 at 0.00004132

intermediate term down The intermediate-term trend has been DOWN since Dec 18th, 2023 at 0.00004113

short term up The short-term trend has been UP since Apr 24th, 2024 at 0.00003930

Smart Scan Analysis for VNDUSD

Based on our trend formula, VNDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for VNDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00003930 0.00003937 0.00003930 0.00003934 0.00000000
Prev. Close Volume Bid Ask Time
0.00003930 2024-04-24 07:11:54
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