Forex Trend Analysis Report
Prepared for you on Thursday, May 13, 2021.
Jamaican Dollar/British Pound (FOREX:JMDGBP)
Strong Downtrend (-100) - JMDGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid JMDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for JMDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JMDGBP
The long-term trend has been DOWN since Jun 5th, 2020 at 0.00554558
The intermediate-term trend has been DOWN since Apr 5th, 2021 at 0.00489019
The short-term trend has been DOWN since Apr 16th, 2021 at 0.00487914
Smart Scan Analysis for JMDGBP
Based on our trend formula, JMDGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).