Forex Trend Analysis Report
Prepared for you on Monday, January 30, 2023.
Jordanian Dinar/United Arab Emirates Dirham (FOREX:JODAED)
Sidelines Mode (-55) - JODAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid JODAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for JODAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JODAED
The long-term trend has been DOWN since Nov 6th, 2022 at 5.1570131
The intermediate-term trend has been UP since Jan 27th, 2023 at 5.1899866
The short-term trend has been DOWN since Jan 27th, 2023 at 5.1691291
Smart Scan Analysis for JODAED
Based on our trend formula, JODAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).