Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Libyan Dinar (FOREX:EURLYD)
Crossroads (-60) - EURLYD 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 EURLYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLYD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EURLYD
The long-term trend has been DOWN since Feb 5th, 2024 at 5.199
The intermediate-term trend has been UP since May 7th, 2024 at 5.219
The short-term trend has been UP since May 7th, 2024 at 5.219
Smart Scan Analysis for EURLYD
Based on our trend formula, EURLYD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.218 | 5.218 | 5.218 | 5.218 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.218 | 2024-05-08 21:02:49 |