Forex Trend Analysis Report
Prepared for you on Monday, June 25, 2018.
Euro/Lebanese Pound (FOREX:EURLBP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
MarketClub’s Trade Triangles for EURLBP
The long term trend has been DOWN since Apr 26th, 2018 at 1845.5
The intermediate term trend has been DOWN since Apr 25th, 2018 at 1866.7
The short term trend has been DOWN since Jun 17th, 2018 at 1775.7
Smart Scan Analysis for EURLBP
Based on a pre-defined weighted trend formula for chart analysis, EURLBP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).