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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

US Dollar/Jamaican Dollar (FOREX:USDJMD)

Sidelines Mode (+50) - USDJMD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDJMD can gain 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.

FOREX_USDJMD
Open High Low USDJMD Price Change
152.81636 152.81636 152.81636 152.81636 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDJMD

long term down The long-term trend has been DOWN since Sep 23rd, 2021 at 148.03118

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2021 at 148.41006

short term up The short-term trend has been UP since Oct 18th, 2021 at 148.41006

Smart Scan Analysis for USDJMD

Based on our trend formula, USDJMD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for USDJMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
152.81636 152.81636 152.81636 152.81636 0.00000
Prev. Close Volume Bid Ask Time
153.81247 2021-10-23 18:35:19
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