Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Viet Nam Dong/British Pound (FOREX:VNDGBP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 VNDGBP
The long term trend has been UP since May 22nd, 2019 at 0.003381
The intermediate term trend has been DOWN since Aug 27th, 2019 at 0.003517
The short term trend has been DOWN since Sep 4th, 2019 at 0.003527
Smart Scan Analysis for VNDGBP
Based on a pre-defined weighted trend formula for chart analysis, VNDGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).