Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Euro/Jamaican Dollar (FOREX:EURJMD)
Sidelines Mode (+50) - EURJMD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURJMD can gain momentum.
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 DOWN since Sep 13th, 2021 at 176.432
The intermediate-term trend has been UP since Oct 18th, 2021 at 173.012
The short-term trend has been UP since Oct 18th, 2021 at 173.012
Smart Scan Analysis for EURJMD
Based on our trend formula, EURJMD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).