Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Cayman Islands Dollar/Bermuda Dollar (FOREX:KYDBMD)
Countertrend Up (+85) - KYDBMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 19th, 2021 at 1.2050528
The intermediate-term trend has been UP since Oct 19th, 2021 at 1.2038744
The short-term trend has been UP since Oct 19th, 2021 at 1.2023921
Smart Scan Analysis for KYDBMD
Based on our trend formula, KYDBMD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).