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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

US Dollar/Jamaican Dollar (FOREX:USDJMD)

Sidelines Mode (+55) - USDJMD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
144.79357 144.79357 144.79357 144.79357 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDJMD

long term up The long-term trend has been UP since Feb 17th, 2020 at 141.10631

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2020 at 136.47720

short term down The short-term trend has been DOWN since May 26th, 2020 at 146.41747

Smart Scan Analysis for USDJMD

Based on our trend formula, USDJMD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDJMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
144.79357 144.79357 144.79357 144.79357 0.00000
Prev. Close Volume Bid Ask Time
144.79357 143.15065 146.43648 2020-05-26 07:14:36
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