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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Canadian Dollar/Cayman Islands Dollar (FOREX:CADKYD)

Crossroads (+60) - CADKYD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CADKYD?

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

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

FOREX_CADKYD
Open High Low CADKYD Price Change
0.61139767 0.61152299 0.61092600 0.61106227 -0.00033500
Entry Signal

MarketClub’s Trade Triangles for CADKYD

long term down The long-term trend has been DOWN since Mar 21st, 2024 at 0.61154789

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 0.61207658

short term up The short-term trend has been UP since May 27th, 2024 at 0.61085889

Smart Scan Analysis for CADKYD

Based on our trend formula, CADKYD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADKYD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.61139767 0.61152299 0.61092600 0.61106227 -0.00033500
Prev. Close Volume Bid Ask Time
0.61139767 2024-05-29 01:48:20
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