Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Euro/Cayman Islands Dollar (FOREX:EURKYD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 EURKYD
The long term trend has been DOWN since May 7th, 2018 at 1.0073
The intermediate term trend has been DOWN since Jul 9th, 2019 at 0.9339
The short term trend has been UP since Sep 5th, 2019 at 0.9201
Smart Scan Analysis for EURKYD
Based on a pre-defined weighted trend formula for chart analysis, EURKYD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).