Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

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.

FOREX_JMDUSD
Open High Low JMDUSD Price Change
0.00644998 0.00644998 0.00644998 0.00644998 0.00000000
Entry Signal

MarketClub’s Trade Triangles for JMDUSD

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 0.00638917

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2024 at 0.00648801

short term down The short-term trend has been DOWN since Apr 7th, 2024 at 0.00649320

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).

-90
Smart Scan Analysis for JMDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00644998 0.00644998 0.00644998 0.00644998 0.00000000
Prev. Close Volume Bid Ask Time
0.00644998 2024-04-17 19:38:11
Get a free daily analysis and signals for Jamaican Dollar/US Dollar (JMDUSD) - Request Your Free Report.