Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
British Pound/Jamaican Dollar (FOREX:GBPJMD)
Strong Downtrend (-100) - GBPJMD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPJMD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPJMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPJMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPJMD
The long-term trend has been DOWN since Sep 21st, 2023 at 191.75401
The intermediate-term trend has been DOWN since Jul 31st, 2023 at 198.33317
The short-term trend has been DOWN since Aug 25th, 2023 at 196.37934
Smart Scan Analysis for GBPJMD
Based on our trend formula, GBPJMD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).