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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

US Dollar/Cayman Islands Dollar (FOREX:USDKYD)

Crossroads (+60) - USDKYD 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 USDKYD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDKYD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDKYD
Open High Low USDKYD Price Change
0.8338492 0.8338492 0.8338492 0.8338492 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDKYD

long term down The long-term trend has been DOWN since Apr 3rd, 2024 at 0.8297310

intermediate term up The intermediate-term trend has been UP since Apr 28th, 2024 at 0.8337220

short term up The short-term trend has been UP since May 7th, 2024 at 0.8335747

Smart Scan Analysis for USDKYD

Based on our trend formula, USDKYD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDKYD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8338492 0.8338492 0.8338492 0.8338492 0.0000000
Prev. Close Volume Bid Ask Time
0.8335197 2024-05-08 21:02:47
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