Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
Euro/Libyan Dinar (FOREX:EURLYD)
Strong Downtrend (-100) - EURLYD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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 Mar 17th, 2020 at 1.5284
The intermediate-term trend has been DOWN since Mar 17th, 2020 at 1.5321
The short-term trend has been DOWN since Apr 5th, 2020 at 1.5239
Smart Scan Analysis for EURLYD
Based on our trend formula, EURLYD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).