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Forex Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

Euro/Lebanese Pound (FOREX:EURLBP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

Open High Low EURLBP Price Change
1752.5 1752.5 1752.5 1752.5 0.0
Entry Signal

MarketClub’s Trade Triangles for EURLBP

long term down The long term trend has been DOWN since Aug 13th, 2018 at 1745.8

intermediate term down The intermediate term trend has been DOWN since Sep 30th, 2018 at 1752.8

short term up The short term trend has been UP since Oct 12th, 2018 at 1739.6

Smart Scan Analysis for EURLBP

Based on a pre-defined weighted trend formula for chart analysis, EURLBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EURLBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1752.5 1752.5 1752.5 1752.5 0.0
Prev. Close Volume Bid Ask Time
1752.5 1745.0 1760.0 2018-10-12 17:52:20
Want to analyze Euro/Lebanese Pound EURLBP or another symbol? Try our Free Forex Trend Analysis Report.