Forex Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
US Dollar/Jordanian Dinar (FOREX:USDJOD)
Countertrend Down (-85) - USDJOD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid USDJOD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDJOD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDJOD
The long-term trend has been DOWN since May 7th, 2020 at 0.7083
The intermediate-term trend has been DOWN since May 7th, 2020 at 0.7090
The short-term trend has been UP since May 14th, 2020 at 0.7091
Smart Scan Analysis for USDJOD
Based on our trend formula, USDJOD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).