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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Euro/Lebanese Pound (FOREX:EURLBP)
Countertrend Up (+85) - EURLBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for EURLBP
The long-term trend has been UP since Dec 1st, 2023 at 16404.9
The intermediate-term trend has been UP since Jul 7th, 2024 at 96728.5
The short-term trend has been DOWN since Jul 21st, 2024 at 97605.0
Smart Scan Analysis for EURLBP
Based on our trend formula, EURLBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 97217.7 | 97217.7 | 97217.7 | 97217.7 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 97217.7 | 2024-07-26 14:00:14 |