Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Viet Nam Dong/CFA Franc BEAC (FOREX:VNDXAF)
Long-Term Downtrend (-90) - VNDXAF is in a strong downtrend that is likely to continue. While VNDXAF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid VNDXAF?
MarketClub looks at technical strength and momentum to determine if the timing is right for VNDXAF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VNDXAF
The long-term trend has been DOWN since Jun 5th, 2020 at 0.02516523
The intermediate-term trend has been DOWN since Feb 24th, 2021 at 0.02342871
The short-term trend has been DOWN since Feb 24th, 2021 at 0.02343541
Smart Scan Analysis for VNDXAF
Based on our trend formula, VNDXAF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).