Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Cayman Islands Dollar/British Pound (FOREX:KYDGBP)
Long-Term Downtrend (-90) - KYDGBP is in a strong downtrend that is likely to continue. While KYDGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid KYDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for KYDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KYDGBP
The long-term trend has been DOWN since Nov 22nd, 2020 at 0.9049495
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 0.8667871
The short-term trend has been DOWN since Apr 18th, 2021 at 0.8702617
Smart Scan Analysis for KYDGBP
Based on our trend formula, KYDGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).