Forex Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
Canadian Dollar/Viet Nam Dong (FOREX:CADVND)
Countertrend Up (+85) - CADVND is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CADVND?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADVND.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADVND
The long-term trend has been UP since Jul 29th, 2020 at 17336.155
The intermediate-term trend has been UP since Apr 15th, 2021 at 18449.733
The short-term trend has been UP since Apr 15th, 2021 at 18339.483
Smart Scan Analysis for CADVND
Based on our trend formula, CADVND is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).