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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

US Dollar/Jamaican Dollar (FOREX:USDJMD)

Strong Downtrend (-100) - USDJMD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDJMD continues to fall. Traders should use caution and set stops.

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.

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FOREX_USDJMD
Open High Low USDJMD Price Change
153.91868 153.91868 153.91868 153.91868 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDJMD

long term down The long-term trend has been DOWN since Jan 7th, 2024 at 154.14703

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2024 at 156.08463

short term down The short-term trend has been DOWN since Feb 27th, 2024 at 156.43852

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).

-100
Smart Scan Analysis for USDJMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
153.91868 153.91868 153.91868 153.91868 0.00000
Prev. Close Volume Bid Ask Time
153.91868 2024-03-28 02:42:11
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