Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Viet Nam Dong/Canadian Dollar (FOREX:VNDCAD)
Bear Market Rally (-75) - VNDCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on VNDCAD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid VNDCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for VNDCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VNDCAD
The long-term trend has been DOWN since Aug 5th, 2020 at 0.00573328
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 0.00005414
The short-term trend has been UP since Apr 14th, 2021 at 0.00005477
Smart Scan Analysis for VNDCAD
Based on our trend formula, VNDCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).