Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
Viet Nam Dong/Japanese Yen (FOREX:VNDJPY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 VNDJPY
The long term trend has been DOWN since May 13th, 2019 at 0.004717
The intermediate term trend has been DOWN since May 13th, 2019 at 0.004788
The short term trend has been UP since Jun 9th, 2019 at 0.004653
Smart Scan Analysis for VNDJPY
Based on a pre-defined weighted trend formula for chart analysis, VNDJPY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).