Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
Euro/Libyan Dinar (FOREX:EURLYD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 UP since Apr 27th, 2017 at 1.5306
The intermediate term trend has been UP since Oct 11th, 2017 at 1.6120
The short term trend has been DOWN since Sep 28th, 2017 at 1.6190
Smart Scan Analysis for EURLYD
Based on a pre-defined weighted trend formula for chart analysis, EURLYD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).