Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Cayman Islands Dollar/Bermuda Dollar (FOREX:KYDBMD)
Long-Term Downtrend (-90) - KYDBMD is in a strong downtrend that is likely to continue. While KYDBMD 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 KYDBMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KYDBMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KYDBMD
The long-term trend has been DOWN since Mar 8th, 2023 at 1.1923413
The intermediate-term trend has been DOWN since Mar 8th, 2023 at 1.1971100
The short-term trend has been DOWN since Feb 3rd, 2023 at 1.1933921
Smart Scan Analysis for KYDBMD
Based on our trend formula, KYDBMD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).