Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
British Pound/Libyan Dinar (FOREX:GBPLYD)
Sidelines Mode (+50) - GBPLYD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPLYD can gain momentum.
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 DOWN since Jul 19th, 2021 at 6.2006850
The intermediate-term trend has been UP since Oct 15th, 2021 at 6.2206131
The short-term trend has been UP since Oct 15th, 2021 at 6.2046862
Smart Scan Analysis for GBPLYD
Based on our trend formula, GBPLYD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).