Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
Viet Nam Dong/Japanese Yen (FOREX:VNDJPY)
Long-Term Downtrend (-90) - VNDJPY is in a strong downtrend that is likely to continue. While VNDJPY 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 VNDJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for VNDJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VNDJPY
The long-term trend has been DOWN since Mar 2nd, 2020 at 0.00466380
The intermediate-term trend has been DOWN since Jul 26th, 2020 at 0.00460988
The short-term trend has been DOWN since Jul 9th, 2020 at 0.00463659
Smart Scan Analysis for VNDJPY
Based on our trend formula, VNDJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).