Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
British Pound/Jamaican Dollar (FOREX:GBPJMD)
Crossroads (-60) - GBPJMD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 16th, 2021 at 205.68084
The intermediate-term trend has been UP since Oct 18th, 2021 at 202.11723
The short-term trend has been UP since Oct 18th, 2021 at 200.76189
Smart Scan Analysis for GBPJMD
Based on our trend formula, GBPJMD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).