Forex Trend Analysis Report
Prepared for you on Tuesday, October 17, 2017.
Cayman Islands Dollar/Canadian Dollar (FOREX:KYDCAD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Jun 13th, 2017 at 1.5875
The intermediate term trend has been UP since Sep 27th, 2017 at 1.4915
The short term trend has been UP since Oct 16th, 2017 at 1.5028
Smart Scan Analysis for KYDCAD
Based on a pre-defined weighted trend formula for chart analysis, KYDCAD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).