Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
Cayman Islands Dollar/US Dollar (FOREX:KYDUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 KYDUSD
The long term trend has been UP since Jun 23rd, 2019 at 1.2083500
The intermediate term trend has been UP since Dec 3rd, 2019 at 1.2006489
The short term trend has been DOWN since Dec 10th, 2019 at 1.2003362
Smart Scan Analysis for KYDUSD
Based on a pre-defined weighted trend formula for chart analysis, KYDUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).