Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Jamaican Dollar/Euro (FOREX:JMDEUR)
Weak Downtrend (-65) - JMDEUR is showing signs of a strengthening downtrend. Monitor JMDEUR as it may be building momentum to the downside.
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 UP since Sep 13th, 2021 at 0.00566850
The intermediate-term trend has been DOWN since Oct 18th, 2021 at 0.00578057
The short-term trend has been DOWN since Oct 18th, 2021 at 0.00578057
Smart Scan Analysis for JMDEUR
Based on our trend formula, JMDEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).