Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Euro/Jamaican Dollar (FOREX:EURJMD)
Sidelines Mode (+55) - EURJMD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Nov 23rd, 2023 at 169.67
The intermediate-term trend has been UP since Oct 19th, 2023 at 163.91
The short-term trend has been DOWN since Dec 6th, 2023 at 169.33
Smart Scan Analysis for EURJMD
Based on our trend formula, EURJMD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).