Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Jamaican Dollar/British Pound (FOREX:JMDGBP)
Crossroads (-60) - JMDGBP 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 JMDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for JMDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JMDGBP
The long-term trend has been UP since Sep 21st, 2023 at 0.00521563
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 0.00529547
The short-term trend has been DOWN since Nov 6th, 2023 at 0.00529547
Smart Scan Analysis for JMDGBP
Based on our trend formula, JMDGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).