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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.

FOREX_USDKYD
Open High Low USDKYD Price Change
0.8303743 0.8303743 0.8303743 0.8303743 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDKYD

long term down The long-term trend has been DOWN since Apr 24th, 2023 at 0.8315737

intermediate term down The intermediate-term trend has been DOWN since Sep 23rd, 2023 at 0.8323144

short term down 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).

-90
Smart Scan Analysis for USDKYD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8303743 0.8303743 0.8303743 0.8303743 0.0000000
Prev. Close Volume Bid Ask Time
0.8341949 2023-09-23 13:03:34
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