Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Euro/Lebanese Pound (FOREX:EURLBP)
Bull Market Weakness (+75) - EURLBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURLBP as it may be in the beginning stages of a reversal.
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 Nov 3rd, 2020 at 1760.4
The intermediate-term trend has been UP since Nov 17th, 2020 at 1793.0
The short-term trend has been UP since Nov 5th, 2020 at 1773.0
Smart Scan Analysis for EURLBP
Based on our trend formula, EURLBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).