Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
US Dollar/Jamaican Dollar (FOREX:USDJMD)
Countertrend Up (+85) - USDJMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Nov 4th, 2022 at 153.55387
The intermediate-term trend has been UP since Jan 10th, 2023 at 152.33203
The short-term trend has been UP since Feb 3rd, 2023 at 153.95697
Smart Scan Analysis for USDJMD
Based on our trend formula, USDJMD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).