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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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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 Nov 8th, 2024 at 0.00629385
The short-term trend has been DOWN since Nov 8th, 2024 at 0.00629385
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00630511 | 0.00630511 | 0.00630511 | 0.00630511 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00630511 | 2024-11-19 07:25:19 |