Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
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 Jul 2nd, 2023 at 23595
The intermediate-term trend has been DOWN since Nov 5th, 2023 at 24450
The short-term trend has been DOWN since Dec 8th, 2023 at 24239
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).