Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Euro/Libyan Dinar (FOREX:EURLYD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 DOWN since Oct 28th, 2018 at 1.5831
The intermediate term trend has been DOWN since Nov 9th, 2018 at 1.5804
The short term trend has been UP since Dec 13th, 2018 at 1.5893
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).