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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Lebanese Pound (FOREX:EURLBP)
Crossroads (-60) - EURLBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURLBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLBP.
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 EURLBP
The long-term trend has been UP since Dec 1st, 2023 at 16404.9
The intermediate-term trend has been DOWN since May 8th, 2024 at 95158.1
The short-term trend has been DOWN since May 8th, 2024 at 96208.5
Smart Scan Analysis for EURLBP
Based on our trend formula, EURLBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 96131.9 | 96131.9 | 96131.9 | 96131.9 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 96131.9 | 2024-05-09 07:26:27 |