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.
MarketClub’s Trade Triangles for EURLBP
The long term trend has been DOWN since Aug 13th, 2018 at 1745.8
The intermediate term trend has been DOWN since Sep 30th, 2018 at 1752.8
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).