Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
British Pound/Viet Nam Dong (FOREX:GBPVND)
Long-Term Uptrend (+90) - GBPVND is in a strong uptrend that is likely to continue. While GBPVND is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid GBPVND?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPVND.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPVND
The long-term trend has been UP since Nov 28th, 2023 at 30706.387
The intermediate-term trend has been UP since Nov 3rd, 2023 at 30162.155
The short-term trend has been UP since Nov 14th, 2023 at 29944.780
Smart Scan Analysis for GBPVND
Based on our trend formula, GBPVND is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).