Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Jamaican Dollar/Euro (FOREX:JMDEUR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 JMDEUR
The long term trend has been DOWN since Jul 25th, 2018 at 0.006485
The intermediate term trend has been UP since Oct 4th, 2018 at 0.006297
The short term trend has been UP since Oct 4th, 2018 at 0.006282
Smart Scan Analysis for JMDEUR
Based on a pre-defined weighted trend formula for chart analysis, JMDEUR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).