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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2019.

US Dollar/Jamaican Dollar (FOREX:USDJMD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDJMD
Open High Low USDJMD Price Change
124.66 124.68 124.66 124.68 +0.02
Entry Signal

MarketClub’s Trade Triangles for USDJMD

long term down The long term trend has been DOWN since Mar 12th, 2019 at 126.645

intermediate term down The intermediate term trend has been DOWN since Feb 24th, 2019 at 132.095

short term up The short term trend has been UP since Mar 12th, 2019 at 127.105

Smart Scan Analysis for USDJMD

Based on a pre-defined weighted trend formula for chart analysis, USDJMD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for USDJMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
124.66 124.68 124.66 124.68 +0.02
Prev. Close Volume Bid Ask Time
124.66 123.09 126.27 2019-03-19 06:41:03
Want to analyze US Dollar/Jamaican Dollar USDJMD or another symbol? Try our Free Forex Trend Analysis Report.