Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Jamaican Dollar/British Pound (FOREX:JMDGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for JMDGBP
The long term trend has been DOWN since Oct 13th, 2019 at 0.00586800
The intermediate term trend has been DOWN since Jan 1st, 2020 at 0.00569068
The short term trend has been UP since Jan 2nd, 2020 at 0.00579060
Smart Scan Analysis for JMDGBP
Based on a pre-defined weighted trend formula for chart analysis, JMDGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).