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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Jamaican Dollar/Euro (FOREX:JMDEUR)

Sidelines Mode (+55) - JMDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.00602989 0.00602989 0.00602989 0.00602989 0.00000000
Entry Signal

MarketClub’s Trade Triangles for JMDEUR

long term up The long-term trend has been UP since Mar 20th, 2024 at 0.00597476

intermediate term up The intermediate-term trend has been UP since Apr 12th, 2024 at 0.00604630

short term down The short-term trend has been DOWN since Apr 17th, 2024 at 0.00605876

Smart Scan Analysis for JMDEUR

Based on our trend formula, JMDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for JMDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00602989 0.00602989 0.00602989 0.00602989 0.00000000
Prev. Close Volume Bid Ask Time
0.00602989 2024-04-18 07:26:27
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