Free Daily Analysis

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.

FOREX_GBPLYD
Open High Low GBPLYD Price Change
6.2656567 6.2656567 6.2656567 6.2656567 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPLYD

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 6.2006850

intermediate term up The intermediate-term trend has been UP since Oct 15th, 2021 at 6.2206131

short term up 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).

+50
Smart Scan Analysis for GBPLYD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.2656567 6.2656567 6.2656567 6.2656567 0.0000000
Prev. Close Volume Bid Ask Time
6.2656567 2021-10-15 07:17:36
Get a free daily analysis and signals for British Pound/Libyan Dinar (GBPLYD) - Request Your Free Report.