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Forex Trend Analysis Report

Prepared for you on Wednesday, February 20, 2019.

Jamaican Dollar/Danish Krone (FOREX:JMDDKK)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_JMDDKK
Open High Low JMDDKK Price Change
0.0489 0.0489 0.0489 0.0489 0.0000
Entry Signal

MarketClub’s Trade Triangles for JMDDKK

long term down The long term trend has been DOWN since Feb 1st, 2019 at 0.04900

intermediate term down The intermediate term trend has been DOWN since Jan 10th, 2019 at 0.05055

short term down The short term trend has been DOWN since Feb 20th, 2019 at 0.04895

Smart Scan Analysis for JMDDKK

Based on a pre-defined weighted trend formula for chart analysis, JMDDKK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for JMDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0489 0.0489 0.0489 0.0489 0.0000
Prev. Close Volume Bid Ask Time
0.0489 0.0483 0.0495 2019-02-20 02:59:47
Want to analyze Jamaican Dollar/Danish Krone JMDDKK or another symbol? Try our Free Forex Trend Analysis Report.