Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
Euro/Jordanian Dinar (FOREX:EURJOD)
Long-Term Downtrend (-90) - EURJOD is in a strong downtrend that is likely to continue. While EURJOD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURJOD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURJOD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURJOD
The long-term trend has been DOWN since Aug 6th, 2021 at 0.8337
The intermediate-term trend has been DOWN since Nov 10th, 2021 at 0.8175
The short-term trend has been DOWN since Dec 3rd, 2021 at 0.8003
Smart Scan Analysis for EURJOD
Based on our trend formula, EURJOD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).