Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
US Dollar/Jordanian Dinar (FOREX:USDJOD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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.
MarketClub’s Trade Triangles for USDJOD
The long term trend has been DOWN since Jan 30th, 2019 at 0.7090
The intermediate term trend has been DOWN since Jun 18th, 2019 at 0.7080
The short term trend has been DOWN since May 21st, 2019 at 0.7081
Smart Scan Analysis for USDJOD
Based on a pre-defined weighted trend formula for chart analysis, USDJOD scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).