Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
British Pound/Jamaican Dollar (FOREX:GBPJMD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 GBPJMD
The long term trend has been DOWN since Oct 21st, 2018 at 170.66
The intermediate term trend has been UP since Dec 20th, 2018 at 162.59
The short term trend has been UP since Jan 7th, 2019 at 162.36
Smart Scan Analysis for GBPJMD
Based on a pre-defined weighted trend formula for chart analysis, GBPJMD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).