Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
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.
MarketClub’s Trade Triangles for JMDEUR
The long-term trend has been DOWN since May 4th, 2020 at 0.00647136
The intermediate-term trend has been DOWN since Apr 16th, 2020 at 0.00673423
The short-term trend has been DOWN since Jun 5th, 2020 at 0.00626705
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).