Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
US Dollar/Jamaican Dollar (FOREX:USDJMD)
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 USDJMD
The long term trend has been UP since Mar 12th, 2018 at 125.700
The intermediate term trend has been DOWN since Sep 21st, 2018 at 135.895
The short term trend has been DOWN since Oct 7th, 2018 at 133.710
Smart Scan Analysis for USDJMD
Based on a pre-defined weighted trend formula for chart analysis, USDJMD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).