Forex Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
Jamaican Dollar/US Dollar (FOREX:JMDUSD)
Strong Downtrend (-100) - JMDUSD 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 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.
MarketClub’s Trade Triangles for JMDUSD
The long-term trend has been DOWN since Feb 17th, 2020 at 0.00708781
The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.00708282
The short-term trend has been DOWN since Jul 6th, 2020 at 0.00715049
Smart Scan Analysis for JMDUSD
Based on our trend formula, JMDUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).