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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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
0.00678024 0.00678024 0.00678024 0.00678024 0.00000000
Entry Signal

MarketClub’s Trade Triangles for JMDUSD

long term down The long-term trend has been DOWN since Feb 17th, 2020 at 0.00708781

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2020 at 0.00732832

short term down The short-term trend has been DOWN since Apr 13th, 2020 at 0.00738011

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
0.00678024 0.00678024 0.00678024 0.00678024 0.00000000
Prev. Close Volume Bid Ask Time
0.00688163 0.00670466 0.00685581 2020-05-21 21:08:21
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