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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Jamaican Dollar/US Dollar (FOREX:JMDUSD)

Countertrend Up (+85) - JMDUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid JMDUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for JMDUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JMDUSD
Open High Low JMDUSD Price Change
0.0064977 0.0064977 0.0064977 0.0064977 0.0000000
Entry Signal

MarketClub’s Trade Triangles for JMDUSD

long term up The long-term trend has been UP since Jan 7th, 2024 at 0.00648810

intermediate term up The intermediate-term trend has been UP since Feb 28th, 2024 at 0.00640752

short term up The short-term trend has been UP since Feb 27th, 2024 at 0.00639301

Smart Scan Analysis for JMDUSD

Based on our trend formula, JMDUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for JMDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0064977 0.0064977 0.0064977 0.0064977 0.0000000
Prev. Close Volume Bid Ask Time
0.0064977 2024-03-28 02:42:11
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