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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

US Dollar/Jamaican Dollar (FOREX:USDJMD)

Long-Term Downtrend (-90) - USDJMD is in a strong downtrend that is likely to continue. While USDJMD 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 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
154.02534 154.02534 153.99247 153.99247 -0.03287
Entry Signal

MarketClub’s Trade Triangles for USDJMD

long term down The long-term trend has been DOWN since Jan 7th, 2024 at 154.14703

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2024 at 156.08463

short term down The short-term trend has been DOWN since Feb 27th, 2024 at 156.43852

Smart Scan Analysis for USDJMD

Based on our trend formula, USDJMD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDJMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
154.02534 154.02534 153.99247 153.99247 -0.03287
Prev. Close Volume Bid Ask Time
154.02534 2024-03-29 03:30:08
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