Forex Trend Analysis Report
Prepared for you on Thursday, December 2, 2021.
US Dollar/Viet Nam Dong (FOREX:USDVND)
Sidelines Mode (-55) - USDVND is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Nov 11th, 2021 at 22645.876
The short-term trend has been UP since Nov 29th, 2021 at 22680.000
Smart Scan Analysis for USDVND
Based on our trend formula, USDVND is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).