Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
British Pound/Viet Nam Dong (FOREX:GBPVND)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 GBPVND
The long term trend has been DOWN since May 22nd, 2019 at 29742.05
The intermediate term trend has been UP since Jun 12th, 2019 at 29694.05
The short term trend has been UP since Jun 4th, 2019 at 29680.75
Smart Scan Analysis for GBPVND
Based on a pre-defined weighted trend formula for chart analysis, GBPVND scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).