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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Canadian Dollar/Cayman Islands Dollar (FOREX:CADKYD)

Strong Downtrend (-100) - CADKYD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADKYD continues to fall. Traders should use caution and set stops.

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.

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FOREX_CADKYD
Open High Low CADKYD Price Change
0.60350020 0.60826316 0.60303719 0.60768512 +0.00418500
Entry Signal

MarketClub’s Trade Triangles for CADKYD

long term down The long-term trend has been DOWN since Mar 21st, 2024 at 0.61154789

intermediate term down The intermediate-term trend has been DOWN since Jun 4th, 2024 at 0.60634228

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.60481204

Smart Scan Analysis for CADKYD

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

-100
Smart Scan Analysis for CADKYD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.60350020 0.60826316 0.60303719 0.60768512 +0.00418500
Prev. Close Volume Bid Ask Time
0.60350020 2024-06-13 17:21:10
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