Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
US Dollar/Jordanian Dinar (FOREX:USDJOD)
Bull Market Weakness (+75) - USDJOD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDJOD as it may be in the beginning stages of a reversal.
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 Nov 11th, 2020 at 0.7084
The intermediate-term trend has been UP since Feb 23rd, 2021 at 0.7090
The short-term trend has been UP since Feb 23rd, 2021 at 0.7090
Smart Scan Analysis for USDJOD
Based on our trend formula, USDJOD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).