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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Jamaican Dollar (FOREX:USDJMD)
Strong Uptrend (+100) - USDJMD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDJMD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid USDJMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDJMD.
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 USDJMD
The long-term trend has been UP since Apr 10th, 2024 at 156.53256
The intermediate-term trend has been UP since Apr 7th, 2024 at 154.14811
The short-term trend has been UP since May 5th, 2024 at 156.29600
Smart Scan Analysis for USDJMD
Based on our trend formula, USDJMD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 156.72009 | 156.72009 | 156.65023 | 156.65023 | -0.06986 |
| Prev. Close | Volume | Bid | Ask | Time |
| 156.96806 | 2024-05-05 21:01:58 |