Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
Euro/Lebanese Pound (FOREX:EURLBP)
Long-Term Downtrend (-90) - EURLBP is in a strong downtrend that is likely to continue. While EURLBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURLBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURLBP
The long-term trend has been DOWN since Sep 11th, 2023 at 16050.2
The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 16501.2
The short-term trend has been DOWN since Sep 28th, 2023 at 16096.5
Smart Scan Analysis for EURLBP
Based on our trend formula, EURLBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).