Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Viet Nam Dong/Hong Kong Dollar (FOREX:VNDHKD)
Crossroads (-60) - VNDHKD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid VNDHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for VNDHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VNDHKD
The long-term trend has been DOWN since Sep 12th, 2023 at 0.00032424
The intermediate-term trend has been UP since Nov 5th, 2023 at 0.00031992
The short-term trend has been UP since Nov 28th, 2023 at 0.00032163
Smart Scan Analysis for VNDHKD
Based on our trend formula, VNDHKD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).