Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
US Dollar/Viet Nam Dong (FOREX:USDVND)
Weak Downtrend (-65) - USDVND is showing signs of a strengthening downtrend. Monitor USDVND as it may be building momentum to the downside.
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 UP since Feb 10th, 2020 at 23278.055
The intermediate-term trend has been DOWN since May 12th, 2020 at 23380.648
The short-term trend has been DOWN since May 5th, 2020 at 23431.394
Smart Scan Analysis for USDVND
Based on our trend formula, USDVND is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).