Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Euro/Libyan Dinar (FOREX:EURLYD)
Strong Uptrend (+100) - EURLYD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURLYD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Nov 16th, 2020 at 1.6102
The short-term trend has been UP since Nov 23rd, 2020 at 1.6100
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).