Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

US Dollar/Jamaican Dollar (FOREX:USDJMD)

Countertrend Up (+85) - USDJMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
154.49704 154.49704 154.49704 154.49704 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDJMD

long term up The long-term trend has been UP since Nov 4th, 2022 at 153.55387

intermediate term up The intermediate-term trend has been UP since Jan 10th, 2023 at 152.33203

short term up The short-term trend has been UP since Feb 3rd, 2023 at 153.95697

Smart Scan Analysis for USDJMD

Based on our trend formula, USDJMD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDJMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
154.49704 154.49704 154.49704 154.49704 0.00000
Prev. Close Volume Bid Ask Time
155.93665 2023-02-03 07:14:30
Get a free daily analysis and signals for US Dollar/Jamaican Dollar (USDJMD) - Request Your Free Report.