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Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

Jamaican Dollar/Euro (FOREX:JMDEUR)

Crossroads (-60) - JMDEUR 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 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
0.00620194 0.00620194 0.00620194 0.00620194 0.00000000
Entry Signal

MarketClub’s Trade Triangles for JMDEUR

long term down The long-term trend has been DOWN since Nov 11th, 2022 at 0.00641329

intermediate term up The intermediate-term trend has been UP since Feb 14th, 2023 at 0.00599094

short term up The short-term trend has been UP since Feb 14th, 2023 at 0.00599094

Smart Scan Analysis for JMDEUR

Based on our trend formula, JMDEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for JMDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00620194 0.00620194 0.00620194 0.00620194 0.00000000
Prev. Close Volume Bid Ask Time
0.00620194 2023-03-18 03:55:54
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