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.
MarketClub’s Trade Triangles for USDJMD
The long-term trend has been UP since Feb 17th, 2020 at 141.10631
The intermediate-term trend has been UP since Apr 16th, 2020 at 136.47720
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).