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.
MarketClub’s Trade Triangles for USDJMD
The long-term trend has been DOWN since Sep 23rd, 2021 at 148.03118
The intermediate-term trend has been UP since Oct 18th, 2021 at 148.41006
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).