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.
MarketClub’s Trade Triangles for CADKYD
The long-term trend has been DOWN since Sep 6th, 2023 at 0.61015283
The intermediate-term trend has been UP since Nov 24th, 2023 at 0.61096849
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).