Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
British Pound/Cayman Islands Dollar (FOREX:GBPKYD)
Bear Market Rally (-75) - GBPKYD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPKYD as it may be in the beginning of a reversal.
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 Mar 29th, 2020 at 1.0729429
The intermediate-term trend has been DOWN since May 14th, 2020 at 1.0220416
The short-term trend has been UP since May 21st, 2020 at 1.0210237
Smart Scan Analysis for GBPKYD
Based on our trend formula, GBPKYD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).