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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

US Dollar/Jamaican Dollar (FOREX:USDJMD)

Sidelines Mode (+55) - USDJMD 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 USDJMD?

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

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

FOREX_USDJMD
Open High Low USDJMD Price Change
155.40711 155.40711 155.40711 155.40711 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDJMD

long term up The long-term trend has been UP since Apr 10th, 2024 at 156.53256

intermediate term up The intermediate-term trend has been UP since Jun 9th, 2024 at 156.64908

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 155.59758

Smart Scan Analysis for USDJMD

Based on our trend formula, USDJMD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDJMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
155.40711 155.40711 155.40711 155.40711 0.00000
Prev. Close Volume Bid Ask Time
155.40711 2024-06-21 21:58:41
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