Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
British Pound/Libyan Dinar (FOREX:GBPLYD)
Bull Market Weakness (+75) - GBPLYD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPLYD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPLYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLYD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPLYD
The long-term trend has been UP since Aug 18th, 2020 at 1.7958537
The intermediate-term trend has been UP since Dec 17th, 2020 at 1.8165857
The short-term trend has been UP since Feb 4th, 2021 at 6.1274996
Smart Scan Analysis for GBPLYD
Based on our trend formula, GBPLYD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).