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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

Canadian Dollar/Kuwaiti Dinar (FOREX:CADKWD)

Long-Term Downtrend (-90) - CADKWD is in a strong downtrend that is likely to continue. While CADKWD 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 CADKWD?

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

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

FOREX_CADKWD
Open High Low CADKWD Price Change
0.22369500 0.22383019 0.22340650 0.22362443 -0.00007100
Entry Signal

MarketClub’s Trade Triangles for CADKWD

long term down The long-term trend has been DOWN since Mar 5th, 2024 at 0.22617656

intermediate term down The intermediate-term trend has been DOWN since May 23rd, 2024 at 0.22348248

short term down The short-term trend has been DOWN since May 29th, 2024 at 0.22436511

Smart Scan Analysis for CADKWD

Based on our trend formula, CADKWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CADKWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22369500 0.22383019 0.22340650 0.22362443 -0.00007100
Prev. Close Volume Bid Ask Time
0.22369500 2024-05-30 05:44:54
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