Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Cayman Islands Dollar/US Dollar (FOREX:KYDUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 KYDUSD
The long term trend has been UP since Jun 23rd, 2019 at 1.20835
The intermediate term trend has been DOWN since Aug 15th, 2019 at 1.19730
The short term trend has been DOWN since Aug 15th, 2019 at 1.20045
Smart Scan Analysis for KYDUSD
Based on a pre-defined weighted trend formula for chart analysis, KYDUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).