Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Euro/Jamaican Dollar (FOREX:EURJMD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 EURJMD
The long term trend has been DOWN since Oct 21st, 2018 at 150.600
The intermediate term trend has been UP since Dec 3rd, 2018 at 144.090
The short term trend has been DOWN since Jan 15th, 2019 at 148.555
Smart Scan Analysis for EURJMD
Based on a pre-defined weighted trend formula for chart analysis, EURJMD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).