Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Euro/Lebanese Pound (FOREX:EURLBP)
Bear Market Rally (-75) - EURLBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURLBP as it may be in the beginning 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 Feb 23rd, 2021 at 1759.0
The intermediate-term trend has been UP since Feb 24th, 2021 at 1839.4
The short-term trend has been DOWN since Mar 4th, 2021 at 1838.5
Smart Scan Analysis for EURLBP
Based on our trend formula, EURLBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).