Forex Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
Jordanian Dinar/Euro (FOREX:JODEUR)
Long-Term Downtrend (-90) - JODEUR is in a strong downtrend that is likely to continue. While JODEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid JODEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JODEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JODEUR
The long-term trend has been DOWN since Jun 22nd, 2020 at 1.2529295
The intermediate-term trend has been DOWN since Jun 22nd, 2020 at 1.2529295
The short-term trend has been DOWN since Aug 6th, 2020 at 1.1888724
Smart Scan Analysis for JODEUR
Based on our trend formula, JODEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).