Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Cayman Islands Dollar (FOREX:USDKYD)
Sidelines Mode (-55) - USDKYD 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 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 UP since May 13th, 2020 at 0.8351404
The intermediate-term trend has been DOWN since May 18th, 2020 at 0.8277847
The short-term trend has been UP since May 21st, 2020 at 0.8335842
Smart Scan Analysis for USDKYD
Based on our trend formula, USDKYD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).