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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Jamaican Dollar/Euro (FOREX:JMDEUR)

Strong Downtrend (-100) - JMDEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid JMDEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for JMDEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JMDEUR
Open High Low JMDEUR Price Change
0.00540203 0.00540203 0.00540203 0.00540203 0.00000000
Entry Signal

MarketClub’s Trade Triangles for JMDEUR

long term down The long-term trend has been DOWN since May 4th, 2020 at 0.00647136

intermediate term down The intermediate-term trend has been DOWN since Jan 21st, 2021 at 0.00569757

short term down The short-term trend has been DOWN since Feb 22nd, 2021 at 0.00548410

Smart Scan Analysis for JMDEUR

Based on our trend formula, JMDEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for JMDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00540203 0.00540203 0.00540203 0.00540203 0.00000000
Prev. Close Volume Bid Ask Time
0.00540203 2021-02-25 07:31:41
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