Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
US Dollar/Viet Nam Dong (FOREX:USDVND)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DOWN since Jun 19th, 2019 at 23282.55
The short term trend has been DOWN since Jul 22nd, 2019 at 23215.00
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).