Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Viet Nam Dong/Euro (FOREX:VNDEUR)
Long-Term Downtrend (-90) - VNDEUR is in a strong downtrend that is likely to continue. While VNDEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid VNDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for VNDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VNDEUR
The long-term trend has been DOWN since Oct 21st, 2022 at 0.00004094
The intermediate-term trend has been DOWN since Mar 21st, 2023 at 0.00003932
The short-term trend has been DOWN since Mar 28th, 2023 at 0.00003927
Smart Scan Analysis for VNDEUR
Based on our trend formula, VNDEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).