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.
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 Apr 7th, 2021 at 5.3772
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).