Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
US Dollar/Cayman Islands Dollar (FOREX:USDKYD)
Long-Term Downtrend (-90) - USDKYD is in a strong downtrend that is likely to continue. While USDKYD 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 USDKYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDKYD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDKYD
The long-term trend has been DOWN since Apr 24th, 2023 at 0.8315737
The intermediate-term trend has been DOWN since Sep 23rd, 2023 at 0.8323144
The short-term trend has been DOWN since Sep 7th, 2023 at 0.8332331
Smart Scan Analysis for USDKYD
Based on our trend formula, USDKYD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).