Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Viet Nam Dong/US Dollar (FOREX:VNDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 VNDUSD
The long term trend has been UP since Jul 18th, 2019 at 0.004332
The intermediate term trend has been DOWN since Sep 12th, 2019 at 0.004282
The short term trend has been UP since Sep 13th, 2019 at 0.004333
Smart Scan Analysis for VNDUSD
Based on a pre-defined weighted trend formula for chart analysis, VNDUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).