Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Euro/Jamaican Dollar (FOREX:EURJMD)
Bear Market Rally (-75) - EURJMD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURJMD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid
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 Dec 23rd, 2019 at 147.180
The intermediate-term trend has been UP since Jan 21st, 2020 at 148.808
The short-term trend has been DOWN since Feb 10th, 2020 at 154.019
Smart Scan Analysis for EURJMD
Based on our trend formula, EURJMD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).