Forex Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
US Dollar/Viet Nam Dong (FOREX:USDVND)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 USDVND
The long term trend has been UP since May 9th, 2019 at 23332.40
The intermediate term trend has been UP since Sep 25th, 2019 at 23287.70
The short term trend has been UP since Sep 25th, 2019 at 23257.15
Smart Scan Analysis for USDVND
Based on a pre-defined weighted trend formula for chart analysis, USDVND scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).