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.
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MarketClub’s Trade Triangles for USDJMD
The long-term trend has been DOWN since Jan 7th, 2024 at 154.14703
The intermediate-term trend has been DOWN since Feb 28th, 2024 at 156.08463
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).
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 |