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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 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.
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MarketClub’s Trade Triangles for USDJMD
The long-term trend has been UP since Apr 10th, 2024 at 156.53256
The intermediate-term trend has been UP since Jun 9th, 2024 at 156.64908
The short-term trend has been DOWN since Jul 16th, 2024 at 156.46211
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 156.39880 | 156.39880 | 156.35128 | 156.35128 | -0.04752 |
| Prev. Close | Volume | Bid | Ask | Time |
| 156.39880 | 2024-07-26 14:00:16 |