Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Cayman Islands Dollar/Euro (FOREX:KYDEUR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 KYDEUR
The long term trend has been UP since May 7th, 2018 at 0.9931650
The intermediate term trend has been UP since Nov 10th, 2019 at 1.0833452
The short term trend has been DOWN since Dec 3rd, 2019 at 1.0849915
Smart Scan Analysis for KYDEUR
Based on a pre-defined weighted trend formula for chart analysis, KYDEUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).