Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
British Pound/Jamaican Dollar (FOREX:GBPJMD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 GBPJMD
The long term trend has been UP since Oct 13th, 2019 at 170.42500
The intermediate term trend has been UP since Oct 13th, 2019 at 169.49500
The short term trend has been DOWN since Nov 13th, 2019 at 180.00567
Smart Scan Analysis for GBPJMD
Based on a pre-defined weighted trend formula for chart analysis, GBPJMD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).