Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Cayman Islands Dollar/Euro (FOREX:KYDEUR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for KYDEUR
The long term trend has been DOWN since Dec 30th, 2019 at 1.0753035
The intermediate term trend has been UP since Jan 22nd, 2020 at 1.0822894
The short term trend has been UP since Jan 3rd, 2020 at 1.0769254
Smart Scan Analysis for KYDEUR
Based on a pre-defined weighted trend formula for chart analysis, KYDEUR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).