Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Euro/Viet Nam Dong (FOREX:EURVND)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 EURVND
The long term trend has been UP since Dec 30th, 2019 at 25903
The intermediate term trend has been UP since Dec 13th, 2019 at 25702
The short term trend has been DOWN since Jan 2nd, 2020 at 25934
Smart Scan Analysis for EURVND
Based on a pre-defined weighted trend formula for chart analysis, EURVND scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).