Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Cayman Islands Dollar/Canadian Dollar (FOREX:KYDCAD)
Sidelines Mode (-55) - KYDCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid KYDCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KYDCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KYDCAD
The long-term trend has been UP since Sep 6th, 2023 at 1.6389337
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 1.6367456
The short-term trend has been UP since Dec 5th, 2023 at 1.6266841
Smart Scan Analysis for KYDCAD
Based on our trend formula, KYDCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).