Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Canadian Dollar/Cayman Islands Dollar (FOREX:CADKYD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CADKYD
The long term trend has been UP since Jun 27th, 2019 at 0.63728000
The intermediate term trend has been DOWN since Nov 11th, 2019 at 0.62933689
The short term trend has been DOWN since Nov 6th, 2019 at 0.63240000
Smart Scan Analysis for CADKYD
Based on a pre-defined weighted trend formula for chart analysis, CADKYD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).