Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Jamaican Dollar/Euro (FOREX:JMDEUR)
Countertrend Up (+85) - JMDEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jun 10th, 2022 at 0.00611093
The short-term trend has been UP since Apr 8th, 2022 at 0.00592952
Smart Scan Analysis for JMDEUR
Based on our trend formula, JMDEUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).