Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
US Dollar/Jamaican Dollar (FOREX:USDJMD)
Strong Uptrend (+100) - USDJMD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDJMD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for USDJMD
The long-term trend has been UP since Feb 17th, 2020 at 141.10631
The intermediate-term trend has been UP since Jan 18th, 2021 at 143.70789
The short-term trend has been UP since Dec 31st, 2020 at 142.50114
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).