Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
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
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 Jan 10th, 2020 at 1660.4
The intermediate-term trend has been DOWN since Jan 10th, 2020 at 1674.0
The short-term trend has been DOWN since Feb 5th, 2020 at 1668.8
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).