Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Jamaican Dollar/Euro (FOREX:JMDEUR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 JMDEUR
The long term trend has been UP since Mar 6th, 2019 at 0.006970
The intermediate term trend has been DOWN since Jul 17th, 2019 at 0.006711
The short term trend has been DOWN since Jun 26th, 2019 at 0.006826
Smart Scan Analysis for JMDEUR
Based on a pre-defined weighted trend formula for chart analysis, JMDEUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).