Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
British Pound/Jamaican Dollar (FOREX:GBPJMD)
Weak Downtrend (-65) - GBPJMD is showing signs of a strengthening downtrend. Monitor GBPJMD as it may be building momentum to the downside.
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 Mar 12th, 2020 at 170.69554
The intermediate-term trend has been UP since Apr 8th, 2020 at 167.36755
The short-term trend has been DOWN since May 26th, 2020 at 178.76301
Smart Scan Analysis for GBPJMD
Based on our trend formula, GBPJMD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).