Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Lebanese Pound/US Dollar (FOREX:LBPUSD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 LBPUSD
The long term trend has been UP since Jul 22nd, 2018 at 0.000665
The intermediate term trend has been DOWN since Sep 2nd, 2018 at 0.000658
The short term trend has been DOWN since Oct 12th, 2018 at 0.000663
Smart Scan Analysis for LBPUSD
Based on a pre-defined weighted trend formula for chart analysis, LBPUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).