Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Viet Nam Dong/CFA Franc BEAC (FOREX:VNDXAF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 VNDXAF
The long term trend has been DOWN since Dec 30th, 2019 at 0.02532359
The intermediate term trend has been DOWN since Dec 8th, 2019 at 0.02552163
The short term trend has been UP since Jan 2nd, 2020 at 0.02529332
Smart Scan Analysis for VNDXAF
Based on a pre-defined weighted trend formula for chart analysis, VNDXAF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).