Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Euro/Libyan Dinar (FOREX:EURLYD)
Sidelines Mode (+55) - EURLYD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jun 5th, 2020 at 1.5875
The intermediate-term trend has been UP since Feb 16th, 2021 at 5.4108
The short-term trend has been DOWN since Feb 18th, 2021 at 5.3907
Smart Scan Analysis for EURLYD
Based on our trend formula, EURLYD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).