Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Euro/Libyan Dinar (FOREX:EURLYD)
Countertrend Down (-85) - EURLYD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid EURLYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLYD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURLYD
The long-term trend has been DOWN since Jul 19th, 2021 at 5.3291
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 5.3122
The short-term trend has been UP since Oct 15th, 2021 at 5.2817
Smart Scan Analysis for EURLYD
Based on our trend formula, EURLYD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).