Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Jamaican Dollar/US Dollar (FOREX:JMDUSD)
Countertrend Up (+85) - JMDUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 16th, 2022 at 0.00653087
The intermediate-term trend has been UP since Aug 9th, 2022 at 0.00653955
The short-term trend has been UP since Aug 10th, 2022 at 0.00654697
Smart Scan Analysis for JMDUSD
Based on our trend formula, JMDUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).