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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

US Dollar/Jordanian Dinar (FOREX:USDJOD)

Weak Downtrend (-65) - USDJOD is showing signs of a strengthening downtrend. Monitor USDJOD as it may be building momentum to the downside.

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.

FOREX_USDJOD
Open High Low USDJOD Price Change
0.7088 0.7088 0.7087 0.7088 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDJOD

long term down The long-term trend has been DOWN since Jul 6th, 2023 at 0.7090

intermediate term up The intermediate-term trend has been UP since May 14th, 2024 at 0.7088

short term down The short-term trend has been DOWN since May 15th, 2024 at 0.7088

Smart Scan Analysis for USDJOD

Based on our trend formula, USDJOD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDJOD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7088 0.7088 0.7087 0.7088 0.0000
Prev. Close Volume Bid Ask Time
0.7088 2024-05-28 06:58:53
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