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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Cayman Islands Dollar/Canadian Dollar (FOREX:KYDCAD)

Long-Term Downtrend (-90) - KYDCAD is in a strong downtrend that is likely to continue. While KYDCAD 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 KYDCAD?

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

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FOREX_KYDCAD
Open High Low KYDCAD Price Change
1.6207877 1.6236586 1.6198248 1.6226478 +0.0018600
Entry Signal

MarketClub’s Trade Triangles for KYDCAD

long term down The long-term trend has been DOWN since Dec 15th, 2023 at 1.6052786

intermediate term down The intermediate-term trend has been DOWN since Mar 8th, 2024 at 1.6116822

short term down The short-term trend has been DOWN since Mar 15th, 2024 at 1.6147492

Smart Scan Analysis for KYDCAD

Based on our trend formula, KYDCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for KYDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6207877 1.6236586 1.6198248 1.6226478 +0.0018600
Prev. Close Volume Bid Ask Time
1.6207877 2024-03-19 04:00:21
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