Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Cayman Islands Dollar/Canadian Dollar (FOREX:KYDCAD)
Countertrend Down (-85) - KYDCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Jun 10th, 2020 at 1.5988350
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 1.5193154
The short-term trend has been UP since Feb 26th, 2021 at 1.5201407
Smart Scan Analysis for KYDCAD
Based on our trend formula, KYDCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).