Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Cayman Islands Dollar/Euro (FOREX:KYDEUR)
Sidelines Mode (+55) - KYDEUR 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 KYDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for KYDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KYDEUR
The long-term trend has been UP since Oct 13th, 2023 at 1.1220178
The intermediate-term trend has been DOWN since Oct 29th, 2023 at 1.1414956
The short-term trend has been UP since Dec 2nd, 2023 at 1.1000372
Smart Scan Analysis for KYDEUR
Based on our trend formula, KYDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).