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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Lebanese Pound (FOREX:USDLBP)
Crossroads (-60) - USDLBP 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 USDLBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDLBP.
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 USDLBP
The long-term trend has been UP since Jan 2nd, 2024 at 15115.6900000
The intermediate-term trend has been DOWN since May 8th, 2024 at 89208.7070312
The short-term trend has been DOWN since May 8th, 2024 at 89404.7968750
Smart Scan Analysis for USDLBP
Based on our trend formula, USDLBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 89572.3125000 | 89600.0000000 | 47783.9300000 | 89599.4101562 | +27.0976560 |
| Prev. Close | Volume | Bid | Ask | Time |
| 89572.3125000 | 2024-05-08 21:02:48 |