Forex Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
US Dollar/Jamaican Dollar (FOREX:USDJMD)
Strong Downtrend (-100) - USDJMD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDJMD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDJMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDJMD.
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 USDJMD
The long-term trend has been DOWN since Jan 7th, 2024 at 154.14703
The intermediate-term trend has been DOWN since Feb 28th, 2024 at 156.08463
The short-term trend has been DOWN since Feb 27th, 2024 at 156.43852
Smart Scan Analysis for USDJMD
Based on our trend formula, USDJMD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
153.91868 | 153.91868 | 153.91868 | 153.91868 | 0.00000 |
Prev. Close | Volume | Bid | Ask | Time |
153.91868 | 2024-03-28 02:42:11 |