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Forex Trend Analysis Report

Prepared for you on Friday, July 12, 2024.

Jamaican Dollar/British Pound (FOREX:JMDGBP)

Strong Downtrend (-100) - JMDGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, JMDGBP continues to fall. Traders should use caution and set stops.

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.

FOREX_JMDGBP
Open High Low JMDGBP Price Change
0.00496142 0.00496575 0.00494666 0.00494666 -0.00001500
Entry Signal

MarketClub’s Trade Triangles for JMDGBP

long term down The long-term trend has been DOWN since May 24th, 2024 at 0.00502401

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.00502192

short term down The short-term trend has been DOWN since Jun 25th, 2024 at 0.00506754

Smart Scan Analysis for JMDGBP

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

-100
Smart Scan Analysis for JMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00496142 0.00496575 0.00494666 0.00494666 -0.00001500
Prev. Close Volume Bid Ask Time
0.00492086 2024-07-11 21:07:05
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