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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

Euro/Libyan Dinar (FOREX:EURLYD)

Countertrend Up (+85) - EURLYD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
5.4075 5.4075 5.4075 5.4075 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURLYD

long term up The long-term trend has been UP since Jun 5th, 2020 at 1.5875

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2021 at 5.3772

short term up The short-term trend has been UP since Apr 6th, 2021 at 5.3291

Smart Scan Analysis for EURLYD

Based on our trend formula, EURLYD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for EURLYD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4075 5.4075 5.4075 5.4075 0.0000
Prev. Close Volume Bid Ask Time
5.4210 2021-05-06 07:26:08
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