Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Euro/Jordanian Dinar (FOREX:EURJOD)
Countertrend Up (+85) - EURJOD 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 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 UP since Jul 14th, 2020 at 0.8080
The intermediate-term trend has been UP since May 19th, 2020 at 0.7767
The short-term trend has been DOWN since Aug 4th, 2020 at 0.8328
Smart Scan Analysis for EURJOD
Based on our trend formula, EURJOD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).