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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Jamaican Dollar/US Dollar (FOREX:JMDUSD)

Countertrend Down (-85) - JMDUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.00643561 0.00646204 0.00643561 0.00646204 +0.00002600
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 up The short-term trend has been UP since Apr 23rd, 2024 at 0.00644998

Smart Scan Analysis for JMDUSD

Based on our trend formula, JMDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for JMDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00643561 0.00646204 0.00643561 0.00646204 +0.00002600
Prev. Close Volume Bid Ask Time
0.00641494 2024-04-23 21:01:41
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