Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
US Dollar/Jamaican Dollar (FOREX:USDJMD)
Long-Term Uptrend (+90) - USDJMD is in a strong uptrend that is likely to continue. While USDJMD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 +90 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 |
156.12752 | 2024-05-05 21:01:58 |