Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Euro/Viet Nam Dong (FOREX:EURVND)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 EURVND
The long term trend has been DOWN since Oct 28th, 2018 at 26526
The intermediate term trend has been DOWN since Feb 10th, 2019 at 26350
The short term trend has been UP since Mar 20th, 2019 at 26258
Smart Scan Analysis for EURVND
Based on a pre-defined weighted trend formula for chart analysis, EURVND scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).