Forex Trend Analysis Report
Prepared for you on Tuesday, September 26, 2023.
Cayman Islands Dollar/Bermuda Dollar (FOREX:KYDBMD)
Bear Market Rally (-75) - KYDBMD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KYDBMD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid KYDBMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KYDBMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KYDBMD
The long-term trend has been DOWN since Jul 21st, 2023 at 1.1916862
The intermediate-term trend has been DOWN since Aug 25th, 2023 at 1.1943025
The short-term trend has been UP since Sep 23rd, 2023 at 1.1997094
Smart Scan Analysis for KYDBMD
Based on our trend formula, KYDBMD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).