Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Cayman Islands Dollar/Canadian Dollar (FOREX:KYDCAD)
Sidelines Mode (-55) - KYDCAD 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 KYDCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KYDCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KYDCAD
The long-term trend has been UP since Jul 19th, 2021 at 1.5224656
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 1.5086967
The short-term trend has been UP since Oct 22nd, 2021 at 1.4866109
Smart Scan Analysis for KYDCAD
Based on our trend formula, KYDCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).