Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Jamaican Dollar/British Pound (FOREX:JMDGBP)
Sidelines Mode (+50) - JMDGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until JMDGBP can gain momentum.
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 DOWN since Nov 30th, 2022 at 0.00542446
The intermediate-term trend has been UP since Feb 14th, 2023 at 0.00529683
The short-term trend has been UP since Feb 1st, 2023 at 0.00528886
Smart Scan Analysis for JMDGBP
Based on our trend formula, JMDGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).