Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
British Pound/Jamaican Dollar (FOREX:GBPJMD)
Bull Market Weakness (+75) - GBPJMD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPJMD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPJMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPJMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPJMD
The long-term trend has been UP since Jun 5th, 2020 at 180.34622
The intermediate-term trend has been UP since Jul 9th, 2020 at 176.52565
The short-term trend has been UP since Jul 6th, 2020 at 173.83167
Smart Scan Analysis for GBPJMD
Based on our trend formula, GBPJMD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).