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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

US Dollar/Jamaican Dollar (FOREX:USDJMD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDJMD
Open High Low USDJMD Price Change
134.02351 134.02351 134.02351 134.02351 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDJMD

long term down The long term trend has been DOWN since Dec 17th, 2019 at 133.83544

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 133.02452

short term up The short term trend has been UP since Jan 6th, 2020 at 132.64696

Smart Scan Analysis for USDJMD

Based on a pre-defined weighted trend formula for chart analysis, USDJMD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for USDJMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
134.02351 134.02351 134.02351 134.02351 0.00000
Prev. Close Volume Bid Ask Time
134.02351 132.40169 135.64533 2020-01-20 02:17:00
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