Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, December 6, 2023.

Canadian Dollar/Cayman Islands Dollar (FOREX:CADKYD)

Sidelines Mode (-55) - CADKYD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CADKYD?

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

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

FOREX_CADKYD
Open High Low CADKYD Price Change
0.61545474 0.61615150 0.61471887 0.61509903 -0.00035600
Entry Signal

MarketClub’s Trade Triangles for CADKYD

long term down The long-term trend has been DOWN since Sep 6th, 2023 at 0.61015283

intermediate term up The intermediate-term trend has been UP since Nov 24th, 2023 at 0.61096849

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 0.61479285

Smart Scan Analysis for CADKYD

Based on our trend formula, CADKYD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CADKYD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.61545474 0.61615150 0.61471887 0.61509903 -0.00035600
Prev. Close Volume Bid Ask Time
0.61545474 2023-12-06 06:50:53
Get a free daily analysis and signals for Canadian Dollar/Cayman Islands Dollar (CADKYD) - Request Your Free Report.