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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

US Dollar/Jamaican Dollar (FOREX:USDJMD)

Bull Market Weakness (+75) - USDJMD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDJMD as it may be in the beginning stages of a reversal.

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.

FOREX_USDJMD
Open High Low USDJMD Price Change
156.34832 156.40303 156.34832 156.37855 +0.03023
Entry Signal

MarketClub’s Trade Triangles for USDJMD

long term up The long-term trend has been UP since Apr 10th, 2024 at 156.53256

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2024 at 154.14811

short term down The short-term trend has been DOWN since May 14th, 2024 at 156.65023

Smart Scan Analysis for USDJMD

Based on our trend formula, USDJMD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDJMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
156.34832 156.40303 156.34832 156.37855 +0.03023
Prev. Close Volume Bid Ask Time
156.08346 2024-05-20 21:01:06
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