Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
US Dollar/Jordanian Dinar (FOREX:USDJOD)
Strong Downtrend (-100) - USDJOD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDJOD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDJOD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDJOD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDJOD
The long-term trend has been DOWN since Jun 1st, 2022 at 0.7083
The intermediate-term trend has been DOWN since Aug 10th, 2022 at 0.7090
The short-term trend has been DOWN since Aug 10th, 2022 at 0.7090
Smart Scan Analysis for USDJOD
Based on our trend formula, USDJOD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).