Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
US Dollar/Jamaican Dollar (FOREX:USDJMD)
Bull Market Weakness (+75) - USDJMD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDJMD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for USDJMD
The long-term trend has been UP since Feb 17th, 2020 at 141.10631
The intermediate-term trend has been UP since Jan 20th, 2020 at 133.02452
The short-term trend has been UP since Jan 6th, 2020 at 132.64696
Smart Scan Analysis for USDJMD
Based on our trend formula, USDJMD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).