Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
US Dollar/Jordanian Dinar (FOREX:USDJOD)
Bear Market Rally (-75) - USDJOD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDJOD as it may be in the beginning 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 Aug 4th, 2021 at 0.7084
The intermediate-term trend has been DOWN since Oct 12th, 2021 at 0.7086
The short-term trend has been DOWN since Sep 20th, 2021 at 0.7090
Smart Scan Analysis for USDJOD
Based on our trend formula, USDJOD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).