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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

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.

FOREX_EURLYD
Open High Low EURLYD Price Change
5.196 5.196 5.196 5.196 0.000
Entry Signal

MarketClub’s Trade Triangles for EURLYD

long term down The long-term trend has been DOWN since Feb 5th, 2024 at 5.199

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2024 at 5.204

short term up The short-term trend has been UP since Apr 18th, 2024 at 5.192

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).

-85
Smart Scan Analysis for EURLYD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.196 5.196 5.196 5.196 0.000
Prev. Close Volume Bid Ask Time
5.195 2024-04-18 21:07:18
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