Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Canadian Dollar/Viet Nam Dong (FOREX:CADVND)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CADVND
The long term trend has been UP since Jun 9th, 2019 at 17489.65
The intermediate term trend has been UP since Jun 6th, 2019 at 17428.30
The short term trend has been UP since Jul 19th, 2019 at 17810.90
Smart Scan Analysis for CADVND
Based on a pre-defined weighted trend formula for chart analysis, CADVND scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).