Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Euro/Jamaican Dollar (FOREX:EURJMD)
Countertrend Up (+85) - EURJMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURJMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURJMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURJMD
The long-term trend has been UP since May 4th, 2020 at 154.548
The intermediate-term trend has been UP since Nov 11th, 2020 at 173.095
The short-term trend has been UP since Nov 11th, 2020 at 171.886
Smart Scan Analysis for EURJMD
Based on our trend formula, EURJMD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).