Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Euro/Jamaican Dollar (FOREX:EURJMD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURJMD
The long term trend has been DOWN since Mar 6th, 2019 at 143.500
The intermediate term trend has been DOWN since Feb 19th, 2019 at 150.515
The short term trend has been UP since Mar 19th, 2019 at 141.415
Smart Scan Analysis for EURJMD
Based on a pre-defined weighted trend formula for chart analysis, EURJMD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).