Forex Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
Cayman Islands Dollar/Canadian Dollar (FOREX:KYDCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 KYDCAD
The long term trend has been DOWN since Jun 27th, 2019 at 1.5690
The intermediate term trend has been UP since Jul 23rd, 2019 at 1.5777
The short term trend has been UP since Aug 14th, 2019 at 1.5950
Smart Scan Analysis for KYDCAD
Based on a pre-defined weighted trend formula for chart analysis, KYDCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).