Forex Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
US Dollar/Viet Nam Dong (FOREX:USDVND)
Countertrend Down (-85) - USDVND is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid USDVND?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDVND.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDVND
The long-term trend has been DOWN since Nov 25th, 2020 at 23097.173
The intermediate-term trend has been DOWN since Apr 1st, 2021 at 23032.500
The short-term trend has been UP since Apr 13th, 2021 at 23075.000
Smart Scan Analysis for USDVND
Based on our trend formula, USDVND is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).