Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Jamaican Dollar/Euro (FOREX:JMDEUR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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.
MarketClub’s Trade Triangles for JMDEUR
The long term trend has been UP since Dec 23rd, 2019 at 0.00677400
The intermediate term trend has been UP since Sep 24th, 2019 at 0.00671600
The short term trend has been UP since Jan 2nd, 2020 at 0.00677699
Smart Scan Analysis for JMDEUR
Based on a pre-defined weighted trend formula for chart analysis, JMDEUR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).