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Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

Cayman Islands Dollar/US Dollar (FOREX:KYDUSD)

Sidelines Mode (+50) - KYDUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until KYDUSD can gain momentum.

Is it time to buy, sell, or avoid KYDUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for KYDUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_KYDUSD
Open High Low KYDUSD Price Change
1.2007748 1.2007748 1.2007748 1.2007748 0.0000000
Entry Signal

MarketClub’s Trade Triangles for KYDUSD

long term down The long-term trend has been DOWN since Jun 10th, 2024 at 1.1967773

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2024 at 1.2024637

short term up The short-term trend has been UP since Jun 12th, 2024 at 1.2013657

Smart Scan Analysis for KYDUSD

Based on our trend formula, KYDUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for KYDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2007748 1.2007748 1.2007748 1.2007748 0.0000000
Prev. Close Volume Bid Ask Time
1.2007748 2024-06-21 07:26:09
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