Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Jamaican Dollar/US Dollar (FOREX:JMDUSD)
Long-Term Downtrend (-90) - JMDUSD is in a strong downtrend that is likely to continue. While JMDUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid JMDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for JMDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JMDUSD
The long-term trend has been DOWN since Feb 17th, 2020 at 0.00708781
The intermediate-term trend has been DOWN since Apr 16th, 2020 at 0.00732832
The short-term trend has been DOWN since Apr 13th, 2020 at 0.00738011
Smart Scan Analysis for JMDUSD
Based on our trend formula, JMDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).