Forex Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
Cayman Islands Dollar/Canadian Dollar (FOREX:KYDCAD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 KYDCAD
The long term trend has been UP since Mar 5th, 2018 at 1.56205
The intermediate term trend has been DOWN since Jul 9th, 2018 at 1.56990
The short term trend has been UP since Aug 8th, 2018 at 1.56965
Smart Scan Analysis for KYDCAD
Based on a pre-defined weighted trend formula for chart analysis, KYDCAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).