Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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 Jun 13th, 2021 at 0.8361019
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 0.8317967
The short-term trend has been UP since Oct 12th, 2021 at 0.8334992
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).