Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
British Pound/Cayman Islands Dollar (FOREX:GBPKYD)
Sidelines Mode (+50) - GBPKYD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPKYD can gain momentum.
Is it time to buy, sell, or avoid GBPKYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPKYD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPKYD
The long-term trend has been DOWN since Jul 19th, 2021 at 1.1448724
The intermediate-term trend has been UP since Oct 18th, 2021 at 1.1431953
The short-term trend has been UP since Oct 7th, 2021 at 1.1322939
Smart Scan Analysis for GBPKYD
Based on our trend formula, GBPKYD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).