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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Jamaican Dollar (FOREX:GBPJMD)
Crossroads (+60) - GBPJMD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPJMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPJMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPJMD
The long-term trend has been DOWN since Mar 28th, 2024 at 195.36524
The intermediate-term trend has been UP since May 5th, 2024 at 196.27050
The short-term trend has been UP since May 5th, 2024 at 195.89221
Smart Scan Analysis for GBPJMD
Based on our trend formula, GBPJMD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 196.58508 | 196.61029 | 196.58508 | 196.61029 | +0.02521 |
| Prev. Close | Volume | Bid | Ask | Time |
| 196.04720 | 2024-05-05 21:01:58 |