Forex Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
Cayman Islands Dollar/Bermuda Dollar (FOREX:KYDBMD)
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 KYDBMD
The long term trend has been DOWN since Sep 14th, 2016 at 1.19995
The intermediate term trend has been DOWN since Apr 20th, 2017 at 1.20005
The short term trend has been UP since Feb 22nd, 2017 at 1.20000
Smart Scan Analysis for KYDBMD
Based on a pre-defined weighted trend formula for chart analysis, KYDBMD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).