Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Euro/Libyan Dinar (FOREX:EURLYD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 EURLYD
The long term trend has been DOWN since Nov 14th, 2017 at 1.6120
The intermediate term trend has been UP since Oct 11th, 2017 at 1.6120
The short term trend has been UP since Nov 23rd, 2017 at 1.6188
Smart Scan Analysis for EURLYD
Based on a pre-defined weighted trend formula for chart analysis, EURLYD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).