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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Jamaican Dollar/US Dollar (FOREX:JMDUSD)
Bear Market Rally (-75) - JMDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JMDUSD as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for JMDUSD
The long-term trend has been DOWN since Apr 10th, 2024 at 0.00638917
The intermediate-term trend has been DOWN since Jun 9th, 2024 at 0.00638442
The short-term trend has been UP since Jul 16th, 2024 at 0.00639204
Smart Scan Analysis for JMDUSD
Based on our trend formula, JMDUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00639463 | 0.00639657 | 0.00639463 | 0.00639657 | +0.00000200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00639463 | 2024-07-26 14:00:16 |