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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Euro/Libyan Dinar (FOREX:EURLYD)
Bear Market Rally (-75) - EURLYD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURLYD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURLYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLYD.
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 EURLYD
The long-term trend has been DOWN since Feb 5th, 2024 at 5.199
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 5.204
The short-term trend has been UP since Apr 18th, 2024 at 5.192
Smart Scan Analysis for EURLYD
Based on our trend formula, EURLYD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.196 | 5.196 | 5.196 | 5.196 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.195 | 2024-04-18 21:07:18 |